We know that stocks are rallying because of hopes for a cyclical recovery in 2020. However, it is still amazing to watch stocks continue to rally, even as they are overbought, while some Q4 GDP growth estimates fall below 1%. The S&P 500 is up 24.48% year to date as of Friday in part due to trade deal hopes and an expected cyclical recovery. The S&P 500 has experienced 28 trading days without back to back losses. That’s the longest streak in almost eight years. The VIX has been below 15 for 25 days. The 2019 high streak is 26 days. There was a 66 day streak prior to the 20% correction in Q4 2018.
http://www.investmentwatchblog.com/stocks-rise-as-q4-gdp-growth-estimates-decline/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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