The Bear Market Rally Continues
Stocks have very high correlations during bear markets. They often go down together and then bounce together regardless of current or expected fundamentals. This is exactly what has been happening in the market lately. Market timing has been way more important than stock picking. It’s anyone’s guess how long the current bear market rally is going to lasts. The more it lasts, the more correlations are going to decline and stock picking is going to start matter more.
Here are just a few of the ideas and comments I shared with subscribers during the week:
|