"OK, We'll Go"

The most important words of the 20th century were spoken 82 years ago today

• The stock market was able to see some nice “rotation” yesterday, so the weakness in the tech sector did not do any harm. However, it will be very hard for a “harmless decline” in tech to continue…if (repeat, IF) the weakness in the that sector becomes more pronounced.

• This morning’s employment report should be even more important than usual…given that long-term bond yields stand at a KEY technical level…and that a new Fed Chairman was just sworn in.

• “OK, we’ll go.”…….Those were the most important words spoken in the 20^th century…and they were spoken 82 years ago today.