Gold gains as dollar dips amid Fed interest-rate uncertainty. https://t.co/0r6MunEIFK
What to expect from the new Apple iPhone https://t.co/KD6xDvOtgX
BA flyers are being delayed due to an IT glitch. Why system crashes are so hard to eliminate. https://t.co/LPLyzqLVfk
What BRExit? Economists raise UK GDP forecasts. https://t.co/fV5b0koW5A
Hope springs eternal among most stock strategists and Jeremy Zirin, chief equity strategist at UBS Wealth Management, is no exception. Zirin expects moderate gains in stocks this year and says the market will “continue to grind higher as the economy starts to improve.”
There are increasing signs that the economy is improving. The four-week moving average for initial unemployment claims has fallen to its lowest level since March 2008 and the housing market continues to gain momentum. Home prices and new home sales recently posted their biggest gains in 2.5 years and builder confidence has risen to its highest level in more than 6.5 years.
Zirin forecasts GDP growth of 2% to 2.5% this year. Growth will accelerate as Washington adopts new fiscal policies, says Zirin.