A Little Reflection is in Order
Political and Economic Disruption
With no new significant change news over the Easter / Passover weekend, this may be a time to look back, review and get all the ducks in a row as the stock market heads into an important juncture. For me going back to our post of July 25, 2016 is a good place to start. Maybe it is just me, but this is one of our top 5 posts over the past 10 years. It’s title, Disruptive Deep Change, pretty much says it all. If one goes back to that post and then rescans the posts of the past week, the current setting kind of comes into focus.
The market continues to play with the looming 200 day average on the S&P and whether the 3 day average close flows below it. The bull’s hopes hinge around earnings reports coming up.
Updates will follow as this day progresses, probably around 10:30 AM CST.