Investor’s Business Daily
by APARNA NARAYANAN

Has the stock market taken its skis off for a breather? Or does a spread-eagled spill lie ahead? Those questions niggle at ETF investors as U.S. stocks stall for the second time since the Nov. 8 election, but perhaps they should not cause undue concern.

Smart ETF investors, like the best skiers, don’t get stuck looking at the tips of their skis. They push forward when fear creeps in, taking in the full view of the landscape, refining their action plan, and trusting themselves to make a successful run.

That is what Herb Morgan, the founder, CEO and CIO of Efficient Market Advisors, is doing. His outlook for the second quarter is cautious, but a wider perspective of political shifts under President Trump and global economic conditions makes him bullish on stocks for the year ahead.

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