Jeff Saut, Chief Investment Strategist at Raymond James: So I am sittin’ on a dock of the bay here in Boca Raton Florida watchin’ the tide roll away as I wait to speak at a conference of insurance CEOs and CFOs. I have spoken at this annual event for the past 10 years, and it is always a “gas” because the attendees are terrific people. I love Boca Raton, although the traffic is absurd as it took me two hours to drive to Fort Lauderdale yesterday to visit with friends at Franklin Templeton (I really miss Sir John), and Rajiv Jain, portfolio manager of the Goldman Sachs GQG Partners International Opportunities Fund (GSIMX/$12.81), which I own (Rajiv). I first met Rajiv about a year ago when he became an outside manager for Goldman Sachs after managing $40 billion for a bank in Geneva. I know a lot of portfolio managers, but this guy is arguably the smartest guy in the room…
….also from KingWorld: This Continues The Astronomically Abnormal Market Activity Over The Past Week
A portion of today’s note from legend Art Cashin: The Narrow Rally Syndrome Continues – In his latest report, Jason Goepfert of SentimenTrader made a couple of observations on the relative narrowness of the record setting rally:
