Tuesday, April 18, 2017

Few Lifting Many

Nights in white satin
Never reaching the end
Letters I've written
Never meaning to send
--Moody Blues

WSJ article observes that over one third of SPX gains so far this year come from 10 large cap stocks.

The article fails to mention that stock market gains on narrowing breadth is a common characteristic of late stage bull markets.

no positions

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