Buy side trading discipline has been cast to the wind and indicators warning of a substantial
short term overbought condition in the market have been waived off. Market timing is out
and chasing them up is in. There is as yet no economic growth visibility past mid - year, 2017
and all the Trump / GOP Congress programs are being nudged further into the future and
worse, are laced with fallacious "single entry bookkeeping" by the Street and various analysts.
there is a lot of heavy political and logical thought lifting to be done in the months ahead.
SPX Daily
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