AS WE START A NEW DAY ON WALL STREET …. MAY THE INVESTMENT GOD’S BE WITH YOU ………          

Private pension funds have 80% of their stock/bond/cash allocation in stocks, the highest since 2005- 07. As a result, their cash cushion dropped to 3.5% of assets, the 2nd lowest in history next to the first quarter of 2015.  This  mildly suggests that stocks are as fully valued as they’ve been at any other point in 70 years could complcate the likelihood of substantial and sustained further gains.