Up Only, Because Everyone Thinks It Can’t Be

Everyone is trying to time the top. The common claims:

• “Stocks are expensive, we’re in a bubble.”

• “Trump is doing crazy, even unconstitutional things.”

• “Inflation is ticking up again.”

Everything sounds bearish… yet the market keeps climbing.

My view

We’ve just lived through one of the most hated rallies in recent memory. Since the April lows, the market stag…