• Those who have avoided NDVA have left a lot of money on the table…but not anywhere near as much as some golfers did by sticking with the PGA Tour.
  • A meaningful break above 4,300 on the S&P 500 index (whether now…or after a “breather”) would be very, very bullish on a technical basis.
  • However, this is a momentum-based rally, NOT a fundamentally based one.  (The rising stock market might make it SEEM like the economy is fine, but make no mistake about it, it’s slowing.)
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