CNBC Overtime reposted this
Great chat with Jon Fortt and Kevin Mahn on CNBC Overtime! Marks have shifted the last 5 trading days with small caps crushing everything. Market breadth widening is a good thing! Solidifies the strength of the bull.
There were record closes for the Dow and S&P 500 led by UnitedHealth, Caterpillar and Boeing. The Russell 2000 climbed 3 percent and regional banks up 4 percent. “It’s just risk on, the junkier you are the better you’re rallying now,” said Victoria Greene, CFA of G Squared Private Wealth. “Small caps are very late to this bull market party, but it’s fantastic. They’re up 10% or so in the last 5 trading days.” Kevin Mahn of Hennion & Walsh Asset Management said the small cap rally shows it’s important to stay diversified and not to try and time the market. “Looking back over the last 31 years 95% of the market returns take place on about 1 percent of the trading days.”
Great to be on the markets panel with you yesterday, Victoria Greene, CFA!
Special Education Teacher at Don Bosco Preparatory High School
1moI’m not the smartest business person but she nails it all the time. Her insight is amazing and so easy to understand for us novice investors. A pleasure to watch always! Keep up the good advice! U at least keep it real.