The Rate-Cut-In-March Balloon Popped
Looks like someone popped the rate-cut-in-March balloon. And the overdue downside pressure on stocks has ensued. That's nice to know. But what investors and traders need to know is that both mo (see chart) and history (US presidential year) favor a resumption to the upside once the current downdraft subsides.
(chart courtesy Yahoo! Finance).
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Disclosure: Accounts managed by Blue Marble Research may presently hold a long/short position in the above mentioned issues and their inverse comparables.
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How quickly do you think that will be?