February 21, 2017 Leave a comment
The stock market has been on a tear since the election. Initially, the stock rally was concentrated in a few industries where investors believed the new administration would assist their financial position (airlines, banks, etc…). Recently, the rally has taken on a life of its own and is just going UP. There are 21 stocks contained in Portfolio One, and today 20 of the 21 stocks went up (one foreign stock ADR went down slightly). This sort of correlation amongst all the stocks is a sign of euphoria in the market. I don’t have any particular insight into where stocks are moving next but this is an interesting sign for the market right now.