A clip from CNBC’s latest article quoting DataTrek’s Nick Colas:
“In all, the flows during the month, and throughout 2018 so far, show that investors are still not ready to go all-in for a stock market bull that is now 9 years old, the second-longest in history.
‘The most hated US equity bull market of all time has lost none of its ability to both repulse fresh capital and still live to fight another day,’ Nick Colas, co-founder of DataTrek Research, said in his daily market note.
Colas’ point is important on two levels: The ‘most hated’ moniker has stuck with the market since the early part of this decade and has been both a source of aggravation and support for the aging bull.
Bulls wonder why more people haven’t bought in, but that skepticism has prevented a full-out stocks fervor that typically leads to a bear market”….
Read the whole article here on CNBC!