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The bull market has continued this week – the Dow Jones Industrial Average set a new record high yesterday, closing out at 15,744, and the S&P 500 is just a point below an all-time high at 1,770.49.
While there are a lot of boats lifted by this rising tide, not every stock is a winner…
That's why yesterday (Wednesday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC "Closing Bell" to share the best plays to make in the stock market right now – and which sectors to avoid.
Get Fitz-Gerald's winners and losers here:
Find out why we call this energy recommendation "the best opportunity of the decade for investors."
I think we are possibly beginning to see the tide change in terms of investor sentiment here. Once this happens, the probability of a correction becomes more certain. How much is an unknown. It probably wont be a severe one unless interest rates increase or spike unexpectedly at the same time. Borderline investors would then likely move fast to "risk-off" positions (cash) in that event and the market could then tank as everyone heads for the exits all at once.
This is the biggest risk of all for investors at these levels in year 5 of a bull market in stocks. If interest rates hold steady into next year, ECB stimulus ( another $ Trillion Euros) will send us to even higher levels at EURO money piles on the NYSE. So, it may be yet too soon to leave the party.