Highlights
- Since March, our commentary has been focused on the narrowing character of market breadth, and the prospects for a bumpy summer.
- This condition is a necessary "pause to refresh" the bull market, or as I say, "refill the gas tank before getting back on the highway."
- While we remain bullish, our focus is on whether or not there is any damage being done to the leadership as we navigate the pothole riddled backroads in search of a gas station.
- For now, we. . .