The beat rolls on. In the face of ongoing geopolitical and U.S. political volatility, machinations and all the noise, equity markets continue to march higher. While economic growth has slowed underlying strength remains evident. Market internals still have room for improvement with the Advance/Decline positive but not on the same trajectory as the indices and a dearth of new 52-week highs.
If election-cycle politics come into play, we will either get a deal in principle before the December 15 date when new tariffs are supposed to kick in ...Continue Reading →