The Best Rallies Take Place When Investors Are Bearish, Not Complacent
Perhaps we’ll get a change in direction following the Fed’s press conference tomorrow. Until then, this market feels complacent, which is not productive.
Some Divergences Are Emerging
Not much changed in the market last week but there are some signs of small divergences.
The ‘Others’ Just Can’t Catch a Bid
It’s still an either/or market with money flowing into the tech leaders, but not the others.