Tag: newsletter

(26 November 2023) Stocks extended the rally last week as dip buyers continued to dominate the market given the bullish Thanksgiving holiday seasonality.  The S&P 500 gained 1% on the week to 4559 while the Nasdaq-100 finished at 15,982.  This bullish outcome was quite unexpected as I thought the Sun-Mars-Saturn alignment might have coincided with some selling.  Instead, the apparently bearish Saturn influence merely manifested as diminishing upside as the current rally showed signs of getting overstretched. Markets are looking forward to the next Fed meeting on December 13 in...