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Raymond James FA ‘Optimistic’ Dow Could Go Well Above 30,000

While the economy still has some significant hurdles to overcome, the Dow Jones Industrial Average broke past the 30,000 point mark recently. Mark Teed, an FA with Raymond James, says the market “continues to look promising” after positive COVID-19 vaccine news and the transition to the Joe Biden administration gets underway. So reports WWLP.

arrows 311332 640 small“With the election over, we now know what the next four years is going to look like,” Teed said, according to the article. “What it’s telling us is that next year is going to be really good. It’s starting to discount in every area, every single sector is going up.”

Teed is “optimistic” the Dow could got much higher heading into the new year.

Read the full article from WWLP.

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