12/13/24 (Friday)
Market in pretty good shape, maybe a little frothy. Naz is leader now, SPY good, IWM, MDY stinking and sinking as ten-year rates go up.
China reported poor economic numbers Sunday night, but said they would support stocks and bonds, you know, until they can’t.
Fed reports Wed, I don’t expect big surprises, just that economy is strong so might not need to cut as much in 2025.
Webby’s technical charts confirm Naz is leader and SPY is good and IWM and MDY are bad. RSP equal weight also in pain. Webby RSI indicators do not show overbought Naz or SPY.