On today's show we talk about the importance of keeping an open mind. We don't know what the market is going to next so let's not pretend we do. We want to be open to all possibilities.
Chart-wise, we're seeing a lot of things that we haven't seen in a while. Bonds stopped going down. Japanese Yen stopped going down. Gold stopped going down. Leadership groups in stocks like Consumer Staples, Utilities and REITs.
High beta is underperforming. Small-caps are underperforming. This is all as the S&P500 hits our upside objective and so did the S&P Industrials Index $XLI as well as the Global Dow Index GDOW.
It's not just one indicator. It's a weight-of-the-evidence. It's pointing to a "messy for longer" type of market. BUT, we need to put it into context within the longer-term structural uptrends in stocks. Think of this as a "Year 2" market, like 2010, or 2004 or even 1976.
There will be winners. And there will be losers. We dive into our latest Under-The-Hood Report to see what's hot right now. Enjoy!
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