It looks like it is going to go down to the wire this year before we find out whether 2015 will be an overall positive year for stocks. No matter what happens, its safe to say that it has been a struggle for all major averages (except maybe the Nasdaq) and that the year will probably show small losses or gains when the clock ticks 2016. Here is where three of the most watched averages started on January 1, 2015:
The Dow opened 2015 at 17,823
Nasdaq opened 2015 at 4,760
The S&P 500 opened 2015 at 2059
It does look like the Nasdaq will finish higher for the year as technology has led the way for quite some time. Everything else though, has struggled and may end up in negative territory. Overall 2015 has been a disappointing year for investors, especially as it started out quite strong for the first half and then deteriorated badly.
What will 2016 bring? Many are predicting it will be much the same or worse than this year. Interest rates look to go higher and that is never good for the consumer as their borrowing costs go up. The world is in turmoil due to terrorism and it is a scary thought that things could get worse on that front. 2016 will also bring nonstop coverage of the Presidential campaigns in the United States which may or may not influence certain segments of the market. Just one Tweet from Hillary did a lot of damage to the biotech stocks in 2015.
It could be a good time to take some profits and move more of your money into cash as there are few other alternatives.
Remember though, to NEVER take any action after reading this website without first consulting your financial advisor. Theinvestmenttracker.com is just my personal ramblings and are for entertainment purposes only. You must always do your own stock research and come to your own conclusions. Thanks for reading in 2015!