Big Rally

As if on cue, the market broke out of its volume slump yesterday with the first above average volume day in over a month. Today the above average volume continued with a big jump in prices as well. Both large cap and small cap are faring well while utilities are lagging. But there's always something to worry about!

Is it falling oil prices? Or falling gold prices? Or (generally) falling bond yields? Feels like the worry has drained from the market. Yield stocks are getting soft while industrial/riskier names are rallying which supports that thesis. Of course we have to worry anytime we start to feel committed to a market move but one look at the major market index charts suggests the scare that began May 5 was just a scare.

Stay tuned...and please check out web site for more detail about our investment strategies and philosophy.