These seven firms are making equities look hot again and, going the way they’re going, the market to deliver a handsome annualized gain of at least 23%. Take those seven out of the equation, and the S&P is actually down slightly for the opening five months of the year.
“The latest disaster we avoided was the debt ceiling. Since its resolution, there hasn’t been a real emotional headline to spook investors. Unless a new catalyst emerges, it could be smooth sailing for a little while.”
Whether the bull “has legs” depends on a variety of factors, according to Jorey Bernstein, CEO of Bernstein Investment Consultants. “If the companies leading the charge are fundamentally strong and can continue to deliver impressive growth, then it may be sustainable.