Tag Archives: IWN
I like the newfound energy I’m seeing in the stock market. It’s looking more and more probable that at least some of the leading market indexes will touch new highs for the year later this month.
The stock market finally looks as if it’s ready to mount a decent rally. Bond yields have nosedived over the past few weeks, improving the relative valuation of most stocks. Meanwhile, the pullback in the major stock indexes is gradually losing “oomph,” a sign that a tradable bottom should now be at hand.
As noted on Friday’s Hotline, I’ve turned much more cautious on the small-cap sector of the stock market. We’ve had marvelous profits in this area over the past four years. Now, though, it’s time to protect our gains.
For the model fund portfolios, we’ll be making the following changes, effective at next Friday’s (July 16) close, unless you hear from me sooner: