As I suspected, we've embraced the Santa Clause rally in a big way. Our sentiment survey is certainly in-line with the charts this week.
Here they are:
The Top 50 pushed their collective stock allocation from 44.7% last week to a whopping 72.32% for the coming week. This is the largest stock allocation for this group since the week of 9 May and represents an increase of 27.62%.
The herd also increased their stock exposure. Last week their stock allocation was 55.38%. This week it's hit 63.06%. That's a 7.68% jump.
Seasonality favors the bulls, although sentiment may not. But sentiment may not matter as volume is very light and so far news has been supportive of stock prices. I think as long as the news stays supportive, prices should press higher.
Here they are:
The Top 50 pushed their collective stock allocation from 44.7% last week to a whopping 72.32% for the coming week. This is the largest stock allocation for this group since the week of 9 May and represents an increase of 27.62%.
The herd also increased their stock exposure. Last week their stock allocation was 55.38%. This week it's hit 63.06%. That's a 7.68% jump.
Seasonality favors the bulls, although sentiment may not. But sentiment may not matter as volume is very light and so far news has been supportive of stock prices. I think as long as the news stays supportive, prices should press higher.
