SYNOPSIS
Anyone getting bloated from too many all time highs in the major indexes? We’re not, especially since the broader market is participating. This isn’t just the mega-caps hoisting the indexes up as often happens.
Last week… Quite acceptable gains on both sides of the border this week.
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Anyway, we’re on our way again and also happy to see our benchmarks at levels we haven’t see in quite a while too.
PTA Perspective… What’s Up with the Smart Money?
We used to report the State Street Investor Confidence Index every month just after it was released. It’s a measure of money moved by large institutional investors between stocks (riskier) and bonds (super-safe). We don’t publish it monthly anymore (for reasons we’ll get into), but it’s worth having a look now and then. The “smart money” still appears pretty dumb in 2020. More in this edition of TrendWatch Weekly.