Why this is ‘as good as it gets’ for the stock rally

Why this is ‘as good as it gets’ for the stock rally

Critical information for the U.S. trading daySony Pictures/Courtesy Everett CollectionWhat if this is good as it gets? “When the majors are reporting stellar earnings and the market sells off like it did today, it means we’ve got a serious breakdown in sentiment,” said Peter Schultz, chief strategist of The Winning Secret newsletter. Schultz blames “nit-pickers” for failing to see the good from Alphabet — the strong quarterly sales growth — and profit-outlook-boosting Caterpillar, and for “grasping at reasons to justify the selloff.” But our call of the day, from JonesTrading’s Michael O’Rourke says they’re just facing up to the cold truth about how much juice is left in stocks.

https://finance.yahoo.com/m/07bd3be...49f/why-this-is-‘as-good-as-it.html?.tsrc=rss

If this holds up it's a bit disturbing. Get me back to my 2017 closing or just a little above and I may jump into the "G" fund for a little bit.
 

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Why this is ‘as good as it gets’ for the stock rally

Critical information for the U.S. trading daySony Pictures/Courtesy Everett CollectionWhat if this is good as it gets? “When the majors are reporting stellar earnings and the market sells off like it did today, it means we’ve got a serious breakdown in sentiment,” said Peter Schultz, chief strategist of The Winning Secret newsletter. Schultz blames “nit-pickers” for failing to see the good from Alphabet — the strong quarterly sales growth — and profit-outlook-boosting Caterpillar, and for “grasping at reasons to justify the selloff.” But our call of the day, from JonesTrading’s Michael O’Rourke says they’re just facing up to the cold truth about how much juice is left in stocks.

https://finance.yahoo.com/m/07bd3be...49f/why-this-is-‘as-good-as-it.html?.tsrc=rss
 
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