The Bull Market is alive and well. That’s the way we see it. The Market correction, which effectively began last spring, went a long way to trim the fat from the Bull. The volatile price action in 2016 speaks to the many issues plaguing the Market. Some of the issues are good. Some are not so good. It’s been the case for years, and the Bull has kept charging higher. The Bull is leaner and healthier now, but not quite ready to run just yet.
Read our Quarterly Newsletter to find out how after an immediate 11% decline, the S&P and the DOW soared in March to close out the first quarter in the green. The only other time the stock market declined 10% but ended the quarter positive was 1933.
To view the complete Bedell Frazier Newsletter, please click here.