Great video from Don Hayes of Hays Advisory. Don and his team does one of the best jobs of translating market data into actionable information. Whats important about his information is that it shows the real picture of whether the market is too bullish or bearish. Whether valuations are attractive. Or whether the Fed is a headwind or tailwind to the economy.
According to his latest readings, the market is in a very attractive position for stocks as valuations remain extremely attractive and the monetary conditions are very positive. His only concern is psychology was too bullish leaving April, but that now appears cleared up with the drop in May. Check out the video below: