Our readers asked if we should believe in the current Up Trend continuing to stay intact. The answer is yes. But it's not due to the economics fundamentals. It's due to the supply-demand dynamics. Here are interesting stats from Bloomberg: "The number of publicly traded companies has dropped by about half in 20 years, from about 7,000 to about 3,500. This means there is more money chasing fewer shares. The boom in stock buybacks has likely reduced outstanding shares even more. Demand is a bit tougher to measure, but we know that a few billion dollars flows into index funds every day, supporting the broad market. This is not necessarily new money, but rather cash coming out of actively managed funds." timingstockmarket.com/ $SPY $QQQ $TQQQ $VIX $TVIX
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