Monday Morning Market Minutes
The market is closed tomorrow, for all intents and purposes today is really Friday, just like negative interest rates are really a positive. Welcome to 2016 where the stock market goes from a bear market to a new bull market in one months time.
The pattern from last year is playing out almost to perfection this year. Earlier this week I mused that that pattern was running out of gas.
The market looks to open a little lower than is closed at yesterday. All things considered we the bias remains to the upside as the tremendously bearish skew from a few weeks ago continues to get worked off. If you missed the market outlook video here it is.