Market Melting Up

The weekly Market Update is posted and includes the following;

The rally is being attributed in part to the rising dollar and rising interest rates and while small caps are clearly overbought we would not attempt to guess when this run will peter out but it might make sense to rebalance if we see another couple hundred basis points of alpha added. Barron’s Striking Price column chimed in on the rally observing that the market appears to be pricing in “Trump perfection.” If that is correct and perfection is not achieved it will bring back two-way volatility shortly after the inauguration. (we would note a half dozen other articles in the current Barron’s expecting the rally to continue).

Please click through to read the entire update.

We went hiking in Sedona the other day on the Brins Mesa Trail.

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