Prediction Time!

My latest post for Alpha Baskets is up and includes the following;

The narrowing leadership and breadth indicators have been negative for quite a while as just a handful of stocks have done much of the lifting of the index this year. This is unquestionably a negative in my opinion but the predictive value for when the market will turn down isn’t very good. Bad breadth in this context could remain bad for quite a while longer. What if the same four or five mega cap tech stocks that have propped up the market in 2017 go on to all double in 2018? That’s not a prediction but if it were to happen, I would think the S&P 500 Index would be up a lot.

Please click through to read the entire post.

While your at it, please check out my page at TheMaven.net a new site I recently started writing for. My latest post looks at factor funds.

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