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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Michael Batnick, director of research for New York-based Ritholtz Wealth Management, warned investors against overconfidence in
It Gets Harder From Here,
“We’ve had bear markets before, but we’ve never had this type of rally in such a short period of time … If you feel like this is easy, check yourself. Do not get out over your skis. This has been a favorable environment for stocks and for raising money, and for cryptocurrencies of all shapes and sizes. So now is probably a good time to do some spring cleaning in your portfolio. I never advocate wholesale changes, but maybe trim some shrubs. In the unlikely event that you have any weeds in your portfolio, rip them out. Winter is always right around the corner in financial markets. The best time to prepare for it is when the sun is shining bright.”