Again, although not an original thought, when these types of areas outperform for a while like now it is often a sign of some sort of confidence being expressed and this can last for a while, like several months and many percentage points. As a bit of a contrarian nugget, it seems like many pundits were looking for a lift in the second half of the year and one outcome of that consensus being wrong is that the lift comes in the first half. Another contrarian outcome of course would be no lift, that the market in fact drops instead.
For all I know this run could of course end today but I think there is merit in assessing the current mentality of the market because occasionally you will make a change in the portfolio on this.
Short post, busy week.