• The S&P 500 is now trading at more than 20x forward earnings.  However, when the market is rallying strongly near the end of a quarter, investors don’t care much about stretched valuations.
  • Despite some negative news out of United Healthcare this week, the XLV healthcare ETF is testing a key resistance level.  Therefore, f it can rally much further, it could signal that this defensive group will surprise people to the upside this summer.
  • It’s too bad that Homer Jones…the man who brought us the “spike” after TD’s in the NFL…has become a forgotten man in NY Giants history.  May he rest in peace.
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