In The Lonely Bull

Well maybe not; since the election, it looks like the market is on one. A lot of improvement has been baked into the valuations of this market.  This is partly the increased growth we are seeing already in the economy and partly expectations of even more to come.  The third quarter GDP rose faster than 3% and the fourth quarter is also expected to rise as quickly.

The important thing about this market is that the emphasis is now on business cyclical companies; especially ones associated with increased infrastructure spending.

This change actually started earlier in the year, but since the election has gotten even greater momentum.  (Riverplace Capital began making this shift at the beginning of this year.)  Don’t look for an all clear signal, that will not happen, but we certainly are enjoying this ride for whatever it is worth.  Stay steady, my friends.

The Lonely Bull

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