Things Are Looking Good, But Mind The Euphoria

We need to be increasingly mindful of overly extended sentiment and momentum, notes Matt Orton. He discusses how the markets fall after Fitch's downgrade U.S. credit. He talks about he is an advocate for prudent risk management saying to watch the position size of your big winners. He goes over how relative valuations on small-caps remain the most compelling opportunity. He tracks current valuation levels, as well as which sectors of the market are winning right now. He outlines how earnings season has been quite strong, but don't let headline EPS growth rate fool you. Tune in to find out more about the stock market today.