• The massive inflows into the stock market indicate that investors are not worried that the Fed is seeing something ominous on the horizon.  Instead, they believe that the “Fed put” is alive and well…and they’re just trying to prevent a recession.  Let’s hope they’re correct. 
  • China’ stock market is actually down on the year.  If it falls any further in 2024 (either soon…or after a bounce to work-off it’s oversold condition), it’s going to be VERY negative.  It’s also going to signal that the global economy is going to face the kind of more serious headwinds that the U.S. stock market is not seeing right now.
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