Talking about the unexpected, ( you know what's coming ) I'm just using a basic gauge. Now this is anecdotal, just like I used to use the BLS gauge years and years ago using Bell South as a gauge for which way the market was headed.- worked for a while anyhow.
My portfolios have been valued within a certain range since the meltdown. The "new" gauge is how high or low my portfolios value is. Considering that even though I trade around certain core positions my taste in stocks generally remains similar. Every time my accounts go up to a certain value they then go down again as the market goes down and takes my respective stocks down.
So, though Nobody does expect the Spanish Inquisition, my one trading portfolio is at its peak again. Does this bode poorly for the stock market ? Could be Rabbit... could be... On the other hand my Dividend Reinvesting account is still 5% below its post covid high. Now, the Dividend Reinvestment Portfolio has been less a dividend producing portfolio and more in keeping with the quick trading philosophy I've had to develop since all of this Bru Ha Ha.
So what do we gather from this? Not much. But just a bit of a warning. Using my simple analysis I'm going to go out on a limb here and say that the market is overbought and will retrace soon enough.
With these vagaries I could be a high paid analyst. Take that SF, with all of your cogent analysis of the financial sector.
