“Crossing the Bridge of Extremes.”
Many extreme relationships have resulted from what is now a 17-year-old bull market, measured off the Global Financial Crisis lows.
These are all very important to be aware of, and will certainly “come home to roost” eventually.
While we monitor these conditions, we are most focused on market structure, which for now, remains bullish for leadership.
We remain focused on owning momentum leaders, but are also very active on the short side, and building a growing basket of “Anti-Momentum” Quality Growth stocks.
