Historic Market Streak: Nick Hopwood Talks Economy & What’s Next
On The Steve Gruber Show, Nick Hopwood, CFP® of Peak Wealth highlighted the unusual strength of the U.S. stock market, noting that last week marked five consecutive days of gains—an uncommon streak. Even more remarkably, the market also posted five straight up days just two weeks earlier, a pattern never seen before. Nick pointed to this momentum as a positive signal for the economy heading into next year.
Nick also weighed in on the proposed tax bill, expressing concern about the high level of government spending included in the plan. While he acknowledged that certain aspects of the bill could support economic growth, he cautioned that the increased spending could add to the national debt and create long-term fiscal challenges.
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