The Little Engine That Could?
reality
The market is stronger today, but still hesitant after yesterday’s bear raid. Still, some important signs are encouraging for the bulls: the dollar is a tad weaker, bonds and bills are flat to lower, although notes are still strong. Certainly is wild, though - yesterday the TRIN was 6+, today it is 0.43 as I write. We need to see a solid reversal in the Treasuries and the dollar for a sustained rally in stocks. I think I can, I think I can.
Posted in Fixed Income, Inflation & The Dollar, International, Stocks, Strategy & Scenarios |
