The past year for the S&P 500 (SPY) has been as bullish as they come. And yet seemingly out of nowhere investors have become very defensive of late. Why is this? And what does it mean for the future health of this bull market? Read on below for the answers….(Please enjoy this updated version of my weekly commentary from the Reitmeister Total Return newsletter).
Just as stocks were flexing their muscle with a breakout above 4,000 we find ourselves in a curious place. That being a switch to defensive stocks as the market leaders.
Reity, that doesn’t sound very bullish, does it?