We get the employment report today. This could be quite important…but it will quickly become moot if the situation in the Middle East continues to deteriorate in a significant way. (It’s crazy but EITHER a “melt-up” OR a “melt-down” are still both possible.)
One of the most bullish items an investor can see is when a stock, group, or market…can rally in the face of negative news. That is certainly the case today…as the market seems to be unfazed by the situation in the Middle East and the dockworkers’ strike.