Are We Still in a High-Risk Market?

The video discusses the current market rally, highlighting its strength and the broadening of high beta groups like banks and brokerage firms. It notes that 73% of stocks are trading above their 30-week moving averages, which is unusual for a bear market. The speaker suggests the market is more suited for speculators due to high valuations, with the S&P 500 trading at 24 times trailing earnings. Despite some sectors like energy and materials being down, overall margins remain high. The speaker outlines their portfolio strategy, adjusting equity exposure based on a mildly bullish major trend index, and anticipates potential new highs for the S&P and Dow Jones.

What is the significance of the trailing 12-month earnings number around $86 for the S&P 500?

What strategy is being employed regarding equity exposure in the tactical funds?