Long Cdn metal stocks, especially smaller caps, has been a much stronger trade. I say this because the obsession on here on what the SPX/QQQ is doing is often counterproductive to effective trading. US indexes have been OK this year if you don't mind big volatility. My opinion the rest of this year is medium to high risk for limited return if you play broader markets. If I'm going to risk these sudden massive drops on Trump's midday tweets, I better have some serious upside potential.
None of my retirement account has ever been in cash....im holding 3 bond funds paying a decent monthly dividend .. with this unlimited upside and predictions for tech stocks to rally another 15 to 20% into the end of the year i may sell the bonds and go all in with those funds to the tech heavy fund I have been buying straight for nearly 2 straight years....nobody is calling an end to this rally for at.least another 4 or 5 years....unless Capex spending collapses this rally will hold ..
In 20 minutes futures will be bright green... Last week s&p was up over 150 points... This week another easy 1% in the making. Possibly 2 % if inflation numbers are tame which we all know they will be as usual... 2%-3% upside by friday. Nasdaq will.surge another 500 to 700 points as tech leads the way! Free money. Zero risk.
Noticed that last month, the buying at or near new all time highs is not as powerful as the dip buying is. Its like they are scared to buy new highs, but buy the dips aggressively. It seems very few want to be the bag holders at all time highs I guess the buying at ATH is mostly done by the passive index funds. It looks like everyone else waits for the dips.
Everyone at the BLS should show up to work everday wearing the red Star Trek uniforms. Tomorrow should be interesting.