The S&P 500 is up almost 20 percent year-to-date but Andy Heinz, co-founder and chief investment officer of research advisory firm BigFoot Investments, thinks there are still opportunities to make money.
Heinz said positive consumer sentiment plays a big role in his outlook. He calls it the three pillars of wealth. Improving job security, rising home values and growing retirement and savings accounts are playing in to the psyche of the consumer, creating a positive feeling or “wealth effect.”
Heinz said it’s natural that we may see some consolidation at these levels but there are opportunities out there, especially in the financials and health-care sector.
Disclosure: Heinz owns all stocks mentioned.
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