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Good, good, good, good vibrations…
Fitting lyrics for our U.S. stock market by the eccentric genius Brian Wilson.
Equities continue to thumb their nose at all the negative news surrounding us and climb the wall of worry. We think there may still be some further room to run on that wall, but probably just another couple of percent or so on the S&P 500. Just enough for whispers of all-time highs to begin to creep into the discussion on the business channels and chat rooms. That should be our cue that this latest bear market rally is about done. Until then, it’s good, good, good, good vibrations…
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