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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.
Good Life Asset Strategies, LLC is a registered investment advisor located in Fort Worth, Texas. Good Life Asset Strategies, LLC and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisors by those states within which the firm maintains clients.
All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Such an offer can only be made in the states that Good Life Asset Strategies, LLC is either registered or a notice filer or an exemption from registration is available under the securities laws or other laws.