Stocks had a very profitable week last week. Bonds also rose in value, since interest rates dropped. Stocks are outpacing bonds, and show far better momentum. A portfolio that is balanced between stocks and bonds should definitely be overweight stocks for the near future. And anyone who has been out of stocks should seriously consider getting back in.

Between various stock markets, US small caps (IWM) still lead the way. US large caps are quickly catching up and, in Canada, emerging markets (XEM) have the best outlook, with the TSX 60 (XIU) not far behind.

Market Outlook October 28, 2013

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