The bulls have taken complete and total control of the U.S. stock market.
From a very ugly-looking but deeply oversold market less than three weeks ago to one laser-focused on possible all-time highs before Santa comes down the chimney is quite impressive. From one foot hanging off the cliff to suddenly soaring high above the clouds in just two weeks. Well done, well done.
After rising in twelve of the last thirteen sessions, we wouldn’t be surprised to see stocks take a quick breather as we head into the holiday-shortened trading week. But until we see any hint of a trend change, any short-term pullback in stocks will be viewed as buying opportunities for active investors.
We wish everyone a wonderful Thanksgiving holiday with those you love and the ones you’re supposed to love.
The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.
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