Mega companies like Facebook, Amazon and Google are investing billions of dollars in Artificial intelligence “AI” which makes us believe that Exchanged Traded Fund called BOTZ will have significant gains in 2018. A more detailed analysis will soon follow.
Major indexes like the Dow and S&P are up 25% for 2017 and has been on a bullish trend when view on a short and long term basis. Surprisingly, there were no significant pullbacks (5 – 10% drops) in the market like the ones we saw 2016, which should heighten the potential of one in 2018. Historically, pullbacks of this size are normal in the market and should not worry investors as the bullish trend since 2009 seems to be intact. As a result, we expect the market to rally in 2018 with more significant pullbacks which will add volatility but should provide buying opportunities for the longer term bull.
We will be providing investment ideas and much more starting in January 2018!!!
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