Tag Archives: Prizer
Out of breadth! Stock prices surged again this week, at least if you were looking at the blue chip indexes. The S&P 500 posted its highest weekly close since September 2000. But smaller stocks ran into profit-taking—a sign that the huge advance off the June-July lows is starting to narrow. We don’t want to read too much into this development, but in our model portfolio, we want to pare back some of our risk.