Catatonic

By -

If there’s one thing – – just one thing – – to remember as we move through 2018, it is this: bull markets die on good news, not bad news. With all the sunshine and flowers kicking around – -massive tax cuts, bonuses being handed out to American workers by the truckload, worldwide peace, and even talk of North and South Korea reuniting – – just keep that thought in mind.

I offer you Exhibit A this morning:

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Pretty breathless, huh? And how’s it going with CAT, then?

CATA

And that, in a nutshell, is where we are at. The unicorns and rainbows are fully priced in. We are priced for perfection. And then some.