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There is little to add to last week’s commentary. Stocks are catching a bid in what looks to be another bear stock market rally. From a technical perspective, there may be further to run, but not a lot further.
For active investors, if you believe you can take advantage of this rally, then may the force be with you. Historic rallies in bear markets can be quite impressive, but a bear is still a bear. So if you dare to tread into this one, stay on high alert, as the Fear and Greed Index is moving closer to Extreme Greed, where stock market rallies die.
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 non-proprietary 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.
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