Friday, October 14, 2016

Rally! Rally! Rally?

Source: Bloomberg
As Lu Wang wrote October 14, 2016 for Bloomberg:
One ominous signal that marked trading in 2015 has begun to reassert itself, a pattern in which the benchmark index hovers near a 52-week high while the proportion of stocks that are similarly elevated dwindles.
On a more positive note for the market listen to Barry James, President and CIO James Investment Research, speak during this Bloomberg radio interview (Listen from minute 7 until 10). Their indicators are starting to look a bit better for stocks and they are increasing their stock allocation for their James Balanced Golden Rainbow Fund from 47% to 52%. This is a tactical fund focused on growth and capital preservation and can allocate between 20% and 80% to stocks. Wise investing my friends.
Please consult a qualified financial advisor before making any investment decisions. This blog is for educational purposes only and does NOT constitute individual investment advice.

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