Wednesday, October 12, 2016

Six reasons why I am still bullish

Mid-week market update: I wrote on the weekend to buy Yom Kippur, which ends today (see Buy Yom Kippur! SPX 2500 by Passover?). My inner trader sent out an email to subscribers yesterday indicating that he had added to his long position by buying a high-beta small cap position.

I would like to outline the reasons why I remain intermediate term bullish on equities:
  • Market breadth is supportive of more gains
  • Risk appetite is healthy across the board
  • Investor anxiety is high, which is contrarian bullish
  • The Fed is equity market friendly
  • Growth expectations are healthy
  • A period of positive seasonality is approaching
The full post can be found at our new site here.

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