Markets Watch

We have had a very strong start to the year out of the gate. A strong January usually paves the way for the rest of the year, but we have to take it a week at a time and look at the evidence as it presents. Jerome Powell, the new Fed chair has admitted that the Fed is shorting volatility, which should not be a surprise to anyone. Junk bonds were looking a bit concerning into the end of 2017 but they have also rebounded for now which is bullish for stocks. Heaps of opportunities to get long but I will have one foot at the exit door. I am only trading short term with a weekly outlook. This is not the year to be a bag holder.

This entry was posted in Indicies and tagged . Bookmark the permalink.