Jason Goepfert

8-07-2020 at 5:32 pm

Daily Report : What it means when Dumb Money is so smart; Apple just won't quit

Confidence among "dumb money" indicators hit an extreme several weeks ago, and yet stocks have kept rallying. Over the past couple of weeks, our Risk Level has been high, and again stocks have rallied. We take a look at these failures and what it means when it happens to this degree.; Apple's market value is larger than nearly 90% of the value of the entire Russell 2000 index. Over the past 40 years, there have been only a few times when a single stock got even half this large relative to an entire index.

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