Last weekend, we discussed the two things driving the markets currently:
"The first is the Fed.
As we discussed with our RIA PRO subscribers last week,
"Today, [Cleveland Fed Reserve Governor Loretta Mester] all but put the kibosh on further rate hikes and, per Mester's comments, will end balance sheet reduction (QT) in the months ahead."
The second is "hope."
On Friday, on headlines that talks are continuing with China, the market pushed through those resistance levels as shown below."
It is virtually the same story during this past week.
No… wait…