See Me On Squawk Box: My Thoughts on the Dow at 20,000

Yesterday, I was invited on CNBC’s "Squawk Box" show to discuss the Dow’s 20,000 milestone, and my outlook for Wall Street. As always, I thoroughly enjoyed my time on Squawk Box, and we covered a lot of ground in just a few minutes. So if you didn’t catch me on Squawk Box yesterday, you can get caught up by visiting the CNBC website or by clicking on the player below.

My Thoughts on the Dow Hitting 20,000

If you’re not able to view the video at this time, here’s what I talked about in a nutshell…

Whereas 20,000 was previously a ceiling for the Dow, I expect it to become a launchpad. However, I expect that equally-weighted indices will outperform market capitalization-weighted indices in 2017. Specifically, the domestic small- and mid-cap arena is poised to rally strongly. That’s because the strong U.S. dollar is still impeding multinational companies’ sales and earnings.

In regards to the new administration, I’ve started to add some high-quality industrial and materials stocks to my portfolios. I expect to add even more after the current earnings season. For now, though, I’m being picky because there are some stocks that have gotten ahead of themselves, like Caterpillar (CAT).

All-in-all, I have a bullish near-term outlook for the stock market. As we progress through 2017, I’ll continue briefing you on the latest company, market and economic news in this daily blog.


Louis Navellier

Louis Navellier

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