Print Friendly, PDF & Email

Despite the hoopla about the summer market rally, we continue to see a market that is basically without a trend. Bonds have generally outperformed stocks over the past six to nine months, and the momentum has come out of a broad array of indicators that we rely on for managing portfolios. In fact, our interpretation of the array of data we review has become more bullish for bond investors and less bullish for stock investors since our latest quarterly report.