by Greg Guenthner
Daily Reckoning
The stock market is hitting for the cycle.
Instead of singles, doubles, and triples, investors are knocking a different sector out of the park almost every single trading day.
That’s bullish, by the way. What we’re seeing is a market of stocks emerging. Instead of every sector marching lockstep up and down in an endless chop, we’re seeing genuine breakouts pop up left and right.
We bid a fond farewell to the utilities safety trade just two weeks ago.