|My guess is the FED will be behind the curve on increases in inflation, that will start next year.|
I expect Trump to appoint a new Fed Chief who will be slow to raise rates (they will raise two or three time by 1/4 instead of by 1/2).
Also, with the midterm elections the Fed will feel pressure not change rates. Inflation will come from wages and housing costs.
I expect by 2019, the experts will be justifying S&P multiples of 24-25. I am a value investor who will need a supply of Xanax by 2019.
I am a retiree with no bonds. I use pensions and SS income for stable income. I keep a large (20-40%) cash position to lower the risk of my aggressive stock portfolio.
I generate returns on the large cash position by selective short term trades. Trading in and out of my cash position has generated a 5-6% short term return.
A large number of my trades have been in MU and INTC. Currently I have just entered SWKS.