Below are the opening segment and an excerpt (on the headline indexes and the Healthcare sector) from the first regular segment of this week’s edition of Notes From the Rabbit Hole, NFTRH 461…
Seeking Confirmations
We have several inputs forecasting change (market pivots) ranging from seasonal tendencies to an expected US dollar rally, Fed monetary tightening (such as it is), the 30 month S&P 500 cycle, not to mention a presidential administration in utter disarray and not having done much, if anything, to further the fiscal stimulation (which, the story goes, would replace the Fed’s monetary stimulation under the previous administration) view that much of the stock market’s post-election euphoria was built upon. (more…)