- Barring a complete loss of reason from the Fed, the current mixed economic scenario translates into one in which the central bank is not likely to raise interest rates any time soon, a fact that is likely to keep a floor under stocks.
- The bottom line at this point, no matter the environment, is that focusing on individual portfolio positions remains the dominant aspect of trading success.
- Even though we had some interim weakness last week, the NYAD continued its recent ramp up with another new high to close out the week, which means the trend for stocks remains up.
For further details see:
Stocks Look Sluggish; Pulte Homes Breaks Out To New Highs