Some stocks that got hit earlier in the month have comeback nicely. Despite a couple of defensive moves taken client accounts seem to to be generally keeping up.
This is something I wrote about before. I’m willing to only be up 0.40% on a day the market is up 0.5% right now as was the case on Friday. Today, was a little luckier than that though.
It would be wise to wonder about too much euphoria coming back so quickly as seems to be the case right here.
I am worried about stock prices, but not rooting for a fall like David Tice appears to do (my opinion). Since I have plenty of US exposure, rooting for a drop would be more about serving my ego (I am afterall concerned about the next few months) than my clients.