In The Lonely Bull

The U.S. Stock market is close to breaking out of its trading range.  We have said for some time that when the break-out came, it would be powerful.  We just couldn’t be sure whether the move would be higher or lower; thankfully higher is the verdict.  Stock prices have been supported by good business conditions, but held back by a myriad of geo-political concerns.  Those concerns seem to finally be abating, so higher we go.

This stock market has tried to break-out several times this year and failed each time.  It may do so again, but the internal strength of this market looks particularly good this time; so we’ll see.

Even if this move fails, the environment remains good for stock market returns.

The Lonely Bull

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