Video: Market Correcting Sideways But Still Generally Healthy

I joined CNBC for a quick chat Sunday night:

 

After a initial surge following the election, stocks have traded mostly sideways for the past month. But by most measures, including market breadth, this is a healthy bull market. Valuations are stretched, to be sure. And that will likely keep a lid on stock returns over the next 5 – 10 years. But for the time being, this is a healthy market and, frankly, with bond yields still extremely low by historical standards, there simply aren’t a lot of other places for money to go these days.

So while the initial market love affair with Donald Trump might be over, this bull market likely has higher to go.

 

Disclaimer: This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice. This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities nor is it intended to be investment advice. You should speak to a financial advisor before attempting to implement any of the strategies discussed in this material. There is risk in any investment in traded securities, and all investment strategies discussed in this material have the possibility of loss. Past performance is no guarantee of future results. The author of the material or a related party will often have an interest in the securities discussed. Please see Full Disclaimer for a full disclaimer.