The Meta Strategy portfolios continue to advance solidly in tandem with an exceptionally strong stock market. An unprecedented amount of liquidity causes asset price inflation, which pushes all markets up. This has led to an equity rally that surpasses the strength of any bear market recovery of the past century.
The advance is well supported by strong trends, wide market breadth, a falling volatility range, and solidly improving economic fundamentals.
However, this is becoming too much of a good thing, and a cooling-off period looks to be overdue, as we enter a seasonally weaker period of the year.