Last week, I noted to members: “As long as last week’s low is not broken, the market still has a set up in place to rally up towards the 2500SPX region.”
And, as we saw, the market has rallied up towards our long-term target region. The high we struck on Friday is now only 24 points from the bottom of our long-term target box, which we set several years ago.
Since bottoming back in February of 2016, the S&P500 has rallied 38%. That is one of the best runs in the market’s history. But, were you prepared for it?
Gridlock in Washington (with the utter failure to pass any kind of new healthcare reform) is the theme, so far, in 2017…with Republicans unable to agree to support their party’s latest bill, which is now completely dead, and Democrats simply obstructing everything in sight.
It looks like everyone is tired and unable to do what they were elected to do.
If everyone’s tired, how will this failure affect the progress of any other political items that President Trump has on his agenda?
Wall Street analysts are well-known shills, issuing only “Buy” and “Strong Buy” recommendations for their unsuspecting clients. The catastrophe SNAP is no exception, with analysts falling all over themselves to say what a great company it is;