By Justin Turner CIM, DMS®, CFP®
Apple's Tim cook introduced multiple long-rumoured products on Tuesday, including two new iPhones, a watch and a mobile payments system. The news seems to have been priced into Apple stock as it has had little impact on its share price. Apple has decided to follow in the footsteps of its competitors by releasing a 5.5 inch screen phone and a watch that will function as a platform for storing and displaying photos, maps and health and fitness information.
This has definitely been one choppy week; markets have been up and down just about every day since the S&P 500 first hit the 2000 mark. Once we get through 2000 we can apparently set our sights on a new target as Morgan Stanley's strategy team came out with a bold call a few days ago predicting that the S&P 500 would hit 3,000 by the end of the decade. Although it may seem unrealistic at first glance, it would only take a fraction of the returns we have seen over the last few years from now till 2020 to make their prediction a reality.
