Wednesday, July 31, 2013

bullish on equities as of June 25

I am bullish of equities globally, and have made that quite clear since June 25th. I don't recommend individual stocks and never shall, so I always effect positions via futures and/or ETFs. That said, I turned bullish of equities last month, buying the US S&P and Japan's NIkkei. Today I'm a bit less enthusiastic, but after all we've rallied for 14 of the past 15 days... perhaps a bit of consolidation is reasonable.