This is just the beginning....

November 15, 2023

This is the best time of the year for stocks.

And stocks are doing very well.

In other words, perfectly normal market behavior.

In fact, this is exactly when Small-caps historically start to outperform their large-cap counterparts.

And sure enough, that's exactly what we're seeing.

Here's a great chart from Jeff Hirsch and Jay Kaeppel showing these seasonal tendencies:

It's funny to me that so many people out there think they're experts in market breadth.

Over the past few weeks, they've been telling me every day how small-cap underperformance is going to drag the rest of the market lower.

"It's only 7 stocks JC".

All they had to do was go back and count. But they were too busy being angry to bother to even look.

Fortunately around here we actually take the time to do the work.

And it's paying us very well.

Yesterday I was in New York City chatting with Liz Claman about the ongoing bull market in equities.

Here's the full clip:

I think a good lesson here is to actually take the time count how many stocks are going up and how many are going down.

And if you don't have time to do it, or don't want to do it, at least find someone who does and get their notes.

Trust me.

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