Nervous as we hit new high after new high? First dip, whenever, is likely to be limited

Nervous as we hit new high after new high? First dip, whenever, is likely to be limited

Enough folks have missed the surprise post-election Trump rally and its continuation in 2017 that the first break in this market is likely to be shallow as money now on the sidelines moves to get in on the rally at “bargain” prices. That cash is now just waiting for the first dip to buy. Mutual fund cash positions have reached an average of 5.6%, according to Bank of America Merrill Lynch