Zero Follow-Through
Although stocks are still green across the board, it looks like today’s peak might just be the opening bell. One of my positions, for instance, the global fund EFA, isn’t up even a fifth of a single percent as I’m typing this.
The daily chart shows that lurch higher this morning perfectly matched the lifetime high.
(Click on image to enlarge)
We’re only 100 minutes into the trading day, but let’s see just how far this PCE mania actually carries things by the closing bell.
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