Ron Sloy, CFP of Sloy, Dahl & Holst, Inc. a financial services firm located in Portland, Oregon, gives his current analysis of market conditions. Thankfully, stability in the financial markets returned in November. During October it was mentioned that the market had bottomed out and it was an advantageous time to purchase equities. Since November, the Dow has risen around 2,500 points. We think the markets will continue to raise in December and expect a Santa Claus rally in anticipation of the January effect, where funds often reinvest their portfolios.
CFP Ron Sloy brings you up to date with the his weekly Market Recap commentary.