Green Light!!

 In The Lonely Bull

Money flow indicators have turned decidedly positive for business cycle sensitive stocks.  These are in the financial, industrial, tech, materials, energy, and discretionary sectors.  Other defensive sectors should lag or go down.  This is confirmation of the leadership change already underway. 

It is also especially encouraging because it includes a broad swath of the stock market instead of a narrow anointed few. 

This leadership change should lead to another leg higher in the major averages.  In spite of a growing economy, terrific corporate earnings growth, and great investment returns, too many investors remain skeptical or even fearful; too bad for them. 

Riverplace Capital has been expecting a good second half and, with this latest confirmation, is even more encouraged.

El Solo Toro

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