August 30, 2026:
The probability of a rate hike has increased from about 45% to 65% as of the Fed’s last meeting. Weak jobs numbers and continued declines in labor force participation may yet reduce that probability, however.
The bigger issue looming over the market are potential illegal actions by the Trump administration. These actions would adversely affect the midterm elections and attack our democratic institutions. I expect the market to react very negatively to any and all impeachable offenses for which even the Republicans will seek to oust the President.
For those of you still feeling lucky, here are a few investment choices that many analysts would suggest you consider. For growth stocks: MCS, NUTX, TRVG, ARW, MCY, MOV, MTCH, KLIC, ICHR, FET, PPLI, ASMB, ATRC, VLO, and LCUT. For dividends and growth: BMA, ECO, MOV, LURI, CURI, PNGAY, SUN, and TXO. During the previous three months the fastest growing ETFs were: VHT, XLV, XLE, FENY, and VDE. I would continue to advise keeping some powder dry for any market pullback or correction that occurs. As always, good investing!
