I observed in the December 1 blog entry that while investors are worried about the resolution of the fiscal cliff negotiations in Washington, multiple U.S. equity sectors and international investments are making new 52-week highs.
This trend has continued in the last two weeks and it certainly feels like we are already in the middle of a strong bull market for stocks. With only 9 trading days left this year, the bullish momentum can carry over to the beginning of 2013, unless negative news from Washington trigger a year-end tax sell off.
Here is a sampling of Fidelity’s U.S. stock sector funds recently reaching 52-week highs:
Buy/sell signals are available at FidelitySignal.com.