Originally published on June 11, 2019
The financial news media has switched its obsession from trade tariffs to a coming Fed rate cut, so the news media is finally reporting some more positive news for a change and the market "melted up" by almost 5% last week, recovering more than two-thirds of its losses suffered in the entire month of May.
Despite this sharp rise in the indexes last week, I'd still say stock picking will beat index funds, especially with the Nasdaq 100, where several flagship stocks are under investigation. Google ([[GOOG]], [[GOOGL]]) is