So, you thought it might all be over; think again….
Money flows in the stock market have broken out in a very big way. This is leading to a powerful move with broad participation. In fact, laggard sectors last year are now outperforming, leading to a classic reversion to the mean move. Previous leaders aren’t dead, but probably have less potential.
All of this is being supported by improving business outlooks for revenues and profits. Manufacturing is on fire. Retail turned out to be far better than feared and the global economy is charging ahead and supportive of ours. So, what’s not to like? Out of the blue events are always possible, but that is nothing new.
Enjoy the ride and stay steady, my friends.
The Lonely Bull