“I think we’ve seen the gains for the year already,” said Ken Moraif, senior adviser at Money Matters, a wealth management and investment firm, in a phone interview today.
“We’re not going to get a lot of new data to drive the market in the next month and half.”
But he added the holiday shopping season will provide some economic data, and there also could be some year-end profit taking.
Overall, though, he’s suggesting that investors stay the course, and Moraif said he’s bullish on 2014. “I think this is just time to hold and wait into next year,” he said.