• As we thought, Chairman Powell’s testimony did not create any problems for the stock market.  In fact, they help the market rally.  However, tomorrow’s employment report could cause some volatility.
  • Either way, even though the stock market looks good for today’s action…and could still rise a bit further in the next week…it is becoming very overbought.  Therefore, investors (even those who see the market going a lot higher eventually) should expect a material pullback that begins before the month of March is over. 


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