What I found encouraging was that the advance was broad based. All sectors were strong and there were no major surprises.
This is good news and may bode well for the market in the next several weeks. The financials must find support near current levels for the market to improve. As usual, however, we will follow closely our trusted timing indicators. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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