Wouldn’t you know it? The S&P500 posts an all time high this past week! That’s good news and is probably very bullish. I did take some profits off the top in my 401k but remain net long. So far my wife’s 401K is pushing double digit returns and I’m hoping to see a +20% rate of return at the end of the year.
My volatility indicator did drop slightly but remains elevated above 0.5. I’m seeing a familiar pattern with the markets making new highs and the volatility slowly creeping higher. This pattern is eerily similar to the Bull market we saw starting in 1993/94. Obviously its way to early to tell if we’re seeing the beginning of another multi-year Bull run, so we’ll have to wait and see cautiously.
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