Rolling along
One of the wonderful (for bulls) and aggravating (for bears) characteristics of stocks in 2021 is that they immediately roll over any negatives. The past 3 days are clear evidence of more of the same. On the NYSE, more than 75% of volume has flowed into advancing securities. With the S&P 500 sitting at a 52-week high, this is the first such thrust since 1991. On Wednesday, we'll have more detail about what this has meant for forward returns.
