- 817-864-8560
- justin@g-las.com
- Mon - Fri: 9:00am - 5:00pm
Menu
Just when we were running out of patience, finally, the upside breakout we had been anticipating for quite a while. Took it long enough.
This upside breakout is led by just a couple of dozen names, mostly all in the technology arena. When Apple, Facebook (sorry, their Facebook, we refuse to recognize their cool new gender-neutral pronoun), Google, Amazon, Microsoft, Nvidia, and Netflix want to head higher, they’re taking the indexes with them, plain and simple. The other 99% of stocks are getting left in the dust, still stuck in the mud.
With this backdrop, what to do, oh what to do? We see the possibility of another two or three percent higher in the indexes, led by the big tech juggernauts. You can maybe ride their coattails a little further. But the rising tide of the handful of big-boy tech stocks isn’t lifting all the other boats. That, friends, should not be taken lightly.
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.