The S&P 500 is on target to hit the "best first half-year" it's had in more than a decade, while the Dow is on track to do even better, with the best June on record since 1938.
Strategically speaking, I think the rally could go on for another decade, which is why you want to invest accordingly. There really is that much fuel pent up between growing sales, cheap money, and – unbelievably – a Fed that's still accommodative.
Tactically, though, I sense a change in direction. I'm not alone in my thinking, incidentally. JPMorgan Chase & Co. (NYSE: JPM) analysts pointed out something my own research has picked up on and we've talked about in recent months.
Don't get me wrong – this change is nothing to fear. But it's the perfect time to emphasize some of the tactics and investments we've talked about before, so that we're in the best possible position for profits.