Stocks needed a correction.
And they got it.
Most stocks haven’t made much progress since the middle of Q1. It’s now July. They’ve been through a much needed digestion of prior gains.
Remember how epic that rally in Q4 was last year? And then it spilled over into January and early February this year.
But then came the correction.
A good look here is the Equally-weighted Nasdaq100 going out at new all-time highs on Friday, after 4 months of no progress: [Read more…]