An up week following on Thanksgiving. Lots of mixed messages.
Here is the Summary
Here is the Newsletter
Here is the video.
Our good friend Jay Powell went from market ogre to market friend this week as he discussed slowing the rate of change of the rate increases. That was enough to fire up the buy button and the market moved from two-week lows to 2 month highs in an afternoon. The good news is the market finally broke out of the range created in November.
Regards,
Greg Schnell, CMT, MFTA