A positive move develops its own momentum, as we saw with the clearly disappointing jobs report, even some bad news is not enough to shake off the positive feeling that has been driving prices higher. Bruce McCain More Quotes by Bruce McCain More Quotes From Bruce McCain The investment community in particular is having trouble figuring out what (Trump) is about, they are not taking individual items as seriously as they would with other candidates. Bruce McCain company-news It’s a reassuring sign, but not a bullish green flag that means we’re going on to major gains in the short term. Bruce McCain business The Fed seems to think the economy is quite a bit stronger than some market pundits and maybe investors in general think, not only is there the concern that they will, in fact, do damage to the economy, but also one more step in removing the easy money that clearly has been a benefit for rising asset prices over the last few years. Bruce McCain company-news Valuations are somewhat high, but there aren't many alternatives that look attractive, stocks will probably get a lot higher before there's any serious risk of a pullback on valuation. Bruce McCain company-news This takes one anxiety off the table, even if it doesn't yet resolve the primary issues that made investors anxious in the first place. Bruce McCain company-news Valuations are a bit stretched, but as long as fundamentals continue to move forward investors will find a way to keep moving prices higher, i don't think we'll see anything to disrupt this move. Bruce McCain business This continues the general trend of data pointing to a strong economy, and it indicates that the surge of activity we've seen is valid. Bruce McCain business
