Stocks are on their way to close this year on a strong note-with the S&P 500 index up 15% year to date—the third consecutive year of double-digit growth for the index.

With the economy growing at the fastest clip in more than a decade, stocks are expected to continue their upward move, as companies will be able to boost their profits. Plunging energy prices and low interest rates will further benefit stocks.  (Read: Top Performing ETFs of 2014 and 3 Great Picks for 2015)

At the same time, after a bull run of almost six years, stocks are not cheap. And with the Fed expected to start raising rates sometime next year, many wonder how long the stock market party can go on.  As we head into 2015, it may be a good time to look at the investment landscape and reposition your investment portfolio for the new year. 

Can the Bull Run Continue in 2015?

u.s. stocks are still more attractive compared to most other asset classes and investors should continue to favor them in coming months as well. The Fed has gone out of its way in assuring investors that it will be “patient” in raising rates. (Read: Top ETF Stories of 2014 Worth Watching in 2015)

Some may argue that rising rates will kill the stock market rally, but history tells us that the initial phase of rate increase is almost always accompanied by higher stock prices. And the reasons are clear—the increase in rates reflects an improving economy and lower risk of deflation—which are positive for stocks. Thus, stocks are the place to be in next year. 

Top Sectors for 2015

My favorite sectors for 2015 are Technology, Retail and Financial. Many U.S. corporates have accumulated huge piles of cash on their balance sheets and as the economy gathers steam, they should be more inclined to increase spending on R&D and Capex, benefiting tech firms.

Low oil prices and slowly rising wages are good for U.S. consumers. Strong holiday sales suggest that consumer spending will grow as plunging oil prices increase disposable incomes.

Financials have come a long way since the great recession with much healthier balance sheets and improved risk management systems in place. With improving economy, the sector has been able to grow earnings and increase dividend payouts. (Read: 3 Top Ranked Financial ETFs Surging to 52 Week High)