With the 2019 Holiday Season upon us and after a rip-roaring rally so far this year, it’s time to count our blessings, so to speak. It’s perhaps doubly imperative when you think back to how gloomy most market strategists—except this house—were one year ago. It looked like the sky was falling back then. It didn’t.

Below I list the four things that I’m thankful for in 2019, which I believe support the probability that favor a Standard & Poor’s 500 index finish above 3,200 before the year is out.

First, however, a holiday message for our clients and subscribers. As we move into the final weeks of 2019, we owe gratitude and thanks to many. I especially want to thank you all for your continued support, without which we could not be in business. It’s nice to celebrate five years of operation, with clients and readers in 16 countries! Thanks for sticking with us in 2019 and we believe 2020 will be even better.

OK, so what are the four things to be most thankful for in 2019?

● The Federal Reserve Board Chairman Jerome Powell fixed the yield curve. Don’t fight the Fed, and they have been supportive (this year) of risky assets. Remember, the Fed remains the single most powerful market entity in the world. And the U.S. Treasury bond yield curve is now no...

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