absolutely nothing - nothing. They will only cut rates if the market tanks or we get some seriously bad data. What does this mean for the market? If we can close higher today, we are in great shape near term. I'm going to make a bet:
What the market really needs right now is a rotation back into the financials. which means that tech might underperform this afternoon if we are going to have a healthy general market near term. I would watch XLF and i might go long GS if we can get a confirmation here.
UPDATE - going long GS right now 193.28 - moderate position.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment