Index funds can be a good way to invest. But they do have drawbacks says Ralph Mennicken, Covestor's chief investment officer, in a Fox Business interview.
Rising jobless claims could threaten cyclical stock sectors. One contrary indicator, though, is that several Covestor managers recently bought retail stocks.
Market pessimism is at its lowest point since August 2010, based on the latest from AAII. That could help the S&P 500 possibly make a run at year highs.