While the trend is your friend, the market seems to be rotating into a more cyclical downturn setup. I can’t see earning growth with measures that will eat into other sectors of the economy (i.e. unemployment, capex reductions, etc.). We may have a strong market but it will be met with strong selling from the smart money as retail investors are drawn in.
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The markets will grind a bit higher, but it will be a bit harder, until the smart money can get their order out of the markets.