Continued Cautious Optimism

S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™ 

Continue to be Cautiously Optimistic
Last week the S&P500 made a modest gain of about ½% and established a new high of 5463.  Though this would be considered a bullish breakout there is still some concern about the market breadth.  Most of these gains were due to high-tech companies and especially in the AI (Artificial Intelligence) stocks.  The broader market on the other hand is not sharing the same enthusiasm, when contrasting this with the equal-weighted S&P 500, the broader market appears less robust, suggesting a consolidation phase rather than a strong breakout, signaling caution amidst the optimism. 

We will continue to proceed with cautious optimism.

Weekly S&P 500 Chart (with all-time hi shown)

Monthly S&P 500 Chart (with all-time hi shown)