Are corporate results improving or is the stock market rising based purely on technicals? From
/fat-pitch.blogspot.com/2017/08/profit-margins-expand-to-new-highs-to.html" style="color: rgb(184, 91, 90); text-decoration-line: none;" target="resource window">The Fat Pitch:
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https://www.youtube.com/watch?v=tymsUaOIk5g
Those who lived through the dot-com and housing bubbles know the present day shares very little with those excessively euphoric periods. From
/www.wsj.com/articles/u-s-hiring-maintains-strong-pace-jobless-rate-falls-to-4-3-1501849959" style="color: rgb(184, 91, 90); text-decoration-line: none;" target="resource window">The Wall Street Journal:
The markets started telling us to be open to better than expected long-term outcomes in
/www.youtube.com/watch?v=sHk7P5HuGJo&t=1084s" style="color: rgb(184, 91, 90); text-decoration-line: none;" target="resource window">August 2016. Given the long-term facts in hand continue to favor good things happening relative to bad things happening, we will continue to run a growth-oriented allocation until the facts shift in a material manner.