Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
In 2017 we did not see a "sell in May and go away" or a "June swoon." But there remains the prospect of a summer rally. With the New York bull market seemingly in a robust and ready-to-go mode, the chances are good for new highs in the S&P 500.
The caution we expressed two weeks ago has been superseded by last week's positive action. The buying opportunity has arrived. Our List of Investment Ideas provides suggestions.
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Ron Meisels