For all the handwringing about why you should ‚??sell in May and go away,‚?Ě both U.S. global stock markets have had a very strong last six weeks.
This has sent the ‚??permabears‚?Ě crawling back into their caves in Montana, even as their clients continue to suffer for their ‚??permabull‚?Ě calls on gold.
But even the few bulls the financial news channels could round up over the past few days struggled to explain the S&P 500‚??s relentless march to 2,000. Hedge fund maven David Tepper also recently backtracked on his cautious view of U.S. markets.
So why the sudden change in mood?
Read more about the current dull state of the market at Eagle Daily Investor.