If you’ve read my fearless forecast, you know that I predict the Dow will hit 26,500 in 2018 (if you haven’t read it, you can do so here). Why am I so optimistic?
- We have very low inflation. Low inflation supports a healthy environment for the economy, and technology—especially the ability to shop online—is helping to keep costs down. For example, people are making a lot of purchases from Amazon, whose biggest competitor is Walmart.