Another strong day for the market (^GSPC)
yesterday has traders in better spirits after an ominous start to the
week. Bullish comments by Janet Yellen on Wednesday helped, but one
can’t help but feel we’re still in uncharted territory, with most market
veterans seemingly grasping at straws to determine where we are in
terms of the current bull market.
Many believe we are in the midst of an ongoing bull. Paul Schatz of Heritage Capital
is one of these prognosticators, but senses our current bull market is
getting close to be sent out to pasture. “The Bull market is old, and
it’s wrinkly, but it’s not over yet,” Schatz opines in the attached
video. “The bull market is transitioning to its final phase which is
normal, bull markets don’t last forever.”
With that in mind, there are 3 sectors Schatz likes as the current bull market heads off into the sunset. (more)
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