Loading ...Still moving on light volume, but if this the end of the correction and beginning of a new bull phase, I would expect it to increase. Especially if the SM slowly fades into the abyss and the hedge funds see what sector is moving up.
This is tough even for me to complain about. We’re up against the dollar, rates, oil and the SM. I’m not sure when the last time was that I’ve seen that. In the rally that ended 6 months ago, we pretty much went up with the SM.
All of a sudden, it doesn’t seem like pm’s are worried about rates. Maybe this is just an oversold bounce. Who knows?