From Cabot Growth Investor
There are never any sure things in the market, but the evidence suggests that the long-awaited sustained uptrend is now underway, which has prompted us to put a bunch of money to work during the past few weeks, helping us land what we think are a few of the true leaders of this rally. Of course, it’s not a perfect picture out there. During the past week or two, we’ve seen the broad market stagnate a bit, with small- and mid-cap indexes lagging (both are still battling multi-month resistance). A few leaders, both growth and cyclical, have hit potholes. And many “overbought” measures are at levels that, during the past few months, preceded multi-week market corrections. Still, we think this is a classic forest vs. the trees type of situation.