On Tuesday the S&P 500 and The DOW again hit record highs.
The S&P 500 was up 0.2% and Toronto was up 1.1%
Most of the stocks I monitor were up. Canadian Western Bank was up 3.3%. Melcor was down 2.2% which I would attribute more to randomness and the thin trading than anything.
I am pondering if I should trim my Wells Fargo position tomorrow. It makes up a rotund 19% of my equities. I have not taken profits in Wells Fargo in quite some time. Selling it would be an opportunity have at least a modest cash position. The news from the American economy has been quite strong and so maybe I should hang on. But prudence would suggest that I trim the position. I am leaning towards trimming.