Weekly Update 27 February 2023
We do not get a clear signal about near-term market action and choose to run a relatively cautious portfolio.
We do not get a clear signal about near-term market action and choose to run a relatively cautious portfolio.
We took profits on the majority of our risky cyclical stock positions last week after turning more cautious on the near-term outlook for the market.
Individual investors have turned optimistic for the first time since early 2022.
Several Wall Street strategists are warning that the stock market rally has gone far enough and stocks will soon reverse course.