The Open Road

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Without any particular reason – – none is needed – – the markets continue to galumph higher this morning, with green all over the screen. As mentioned last week, once the 2825 level was pushed aside, another 40 points of pre-groomed ski trails lay in front of the bulls, easy to achieve as there was absolutely zero resistance.

Marching hand-in-hand with this advance are the financials, whose easy pathway I’ve tinted below.

This promises to be quite an interesting week, with the scheduled highlight being the Fed announcement and press conference on Wednesday.