Investors Don't Believe Their Eyes
This is nothing new for us. We just entered Month #11 of this bull market. But you would only know that if you look the actual prices of assets.
You can tell that many investors choose to ignore this information. Especially the ones in J.P. Morgan's latest investor survey.
As it turns out, close to 95% of respondents agreed stocks would fall in price between now and the end of the year. Another 5% or so believe stock prices stay basically where they are now. Almost none of them think prices rise this year.
This is a very impressive bull market for stocks.
And investors have decided to close their eyes and pretend it's not happening.
Good.
Their problems are not my problem.
We pay attention to what matters around here.
Sectors rotation is the lifeblood of a bull market.
And you're seeing it in 2023 as the worst performing areas of the market have now caught up to become the best performing stocks.
These are uptrends folks!
We discussed everything you need to know on last night's call.
Check it out here in full and then ping me and let me know what you think!
JC