If there was any doubt how badly the market “wanted” to go up, all doubts were dispelled tonight. All it took was an agreement to schedule a meeting next month to launch equities into the stratosphere.
It’s almost comic at this point. Over the past year, there has been meeting after meeting, phone call after phone call, and dinner after dinner, and it hasn’t yielded anything except tariffs and acrimony. And yet being able to manage to put together a time and place to meet was enough to send the market into ecstatic rapture. The overhead supply and Christmas trendline are the only barrier to lifetime highs at this point.
So now we can look forward to endless jawboning between now and the meeting, and then a bunch of smiling and photo ops during the meeting, and within 48 hours of the meeting’s end, absolutely no deal and new nasty tweets.
Until that time………..the funhouse mirrors surround us.
