Kiss legend Gene Simmons is on a hot streak predicting the stock market.
It was only back in January just after the election of Donald Trump as president that Simmons predicted the Dow would rocket higher.
"My belief is that as soon as Donald Trump takes power, and as soon as he lowers the amount of taxes that people on the street are going to have to pay, watch the 20,000 ceiling on the Dow break," Simmons told TheStreet in a Jan. 7 interview.
With the Dow now hovering over 22,000, Simmons has unleashed his next call.
"We will be at 23,000," Simmons told Thestreet in a new interview. Simmons thinks the Dow will ultimately eclipse 23,000.
"What's happening now is that with the president -- whether you agree or disagree with him -- he will make moves that will lower taxes and make it easier for businesses."
Wall Street also remains generally bullish on the market at its current lofty levels.
With the S&P 500 back at record highs, Liz Ann Sonders, chief investment strategist at Charles Schwab, told TheStreet she is overweight the technology, healthcare and financial sectors.
The technology and healthcare sectors have been the best performing S&P 500 sectors so far this year.
As for Federal Reserve policy, she doesn't expect a rate hike in September, but expects the central bank to announce a date to start unwinding its monstrous $4.5 trillion balance sheet.
She expects a rate hike in December. But even still, Sonders points out that the market will likely remain OK given all the liquidity sloshing around the system.
Gene Simmons agrees.
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