Why Stocks Will Push Even Higher

As we near another Federal Reserve push-forward of rate action, stocks are poised to push higher. Given the inclination of the American investment machine to put capital to use in equities and the recent reloading of institutional investor capital flow gun barrels, investor appetite is primed. All we need now is a turn in China or otherwise fueled U.S. economic growth; or perhaps a little helping hand from the Fed again to give stocks that old lift they recently lost. I’m expecting the Fed to push their first rate hike forward again when they meet next week. I anticipate the market will look past any economic warning signal some pundits will surely read into Fed inaction. Rather, Fed inaction will be seen as simply a temporary and sensible maneuver to hold us over until the economic environment is more certain. While various risks remain, and black swans linger, I anticipate stocks will push their way higher, and see the S&P 500 Index (NYSE: SPY) moving to 2080 or higher in the near-term and toward its high watermark by late November. See more on why stocks are poised to push higher here.

Sector Security	Gains in October to 10/21/15
SPDR S&P 500 (NYSE: SPY)	+5.4%
SPDR Dow Jones (NYSE: DIA)	+5.6%
PowerShares QQQ (Nasdaq: QQQ)	+5.7%
iShares Russell 2000 (NYSE: IWM)	+4.1%
Vanguard Total Stock Market (NYSE: VTI)	+5.0%

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