Looking at some of my investments, one issue came up. I noticed that stocks like Mastercard, Microsoft and others are all between 15 and 20 per cent off their highs for the last twelve months, as the S&P 500 and the Dow attain new all-time highs. I’m not sure what’s going on, but it seems some large-cap stocks are driving the market while others are left behind. Probably the usual suspects, like Alphabet and Nvidia, to name a couple.

This is disturbing when investing new money in the market. Obviously, the market has rotated out of the past leadership, not that this is news to anyone but me. But if you are looking to invest, it may be flashing some danger signals in this divergence between the “old” stocks and the “new stocks.”

I’m not advocating that anyone try to time the market. I have, however, been looking at swapping out my individual stocks for ETFs. And it makes me nervous, given my age and where I am in overall market strategy.

Bears make money, bulls make money, but pigs get slaughtered is the old saying. But right now it’s a bit tricky for me to make a decision on what to buy and what to avoid. It’s the same old story; most of us, I believe, are “pigs” when it comes to stock markets. I feel like I’ve been slaughtered a few times!