March 14, 2024
By Peter Bower
After a little setback last week, the U.S. stock market is again trending higher. It’s not just our market but also many others around the world. Japan’s just broke out to new highs and so have several in Europe. Commodities are also coming alive and trending higher. Clearly, many economies are in sync and continuing to recover from the pandemic years. Businesses are doing well; profits are growing, and stock prices are rising.
Our stock market leadership has broadened. Last year, positive results were concentrated in just a handful of high-growth tech companies. Since November of last year, many more stocks are participating in the uptrend. Not just technology names, but also industrial, healthcare and financial issues, among others, are doing well, too. This should continue.
We may see some tech stocks stall out as others play catch up. That is why the Bull and his partners have been recommending casting a wider net. Include companies from other categories. So far, so good; stay steady my friends and enjoy the ride!
The Lonely Bull
