Psst! Look Under The Hood….And Run!

DJIA 27,000, $SPX 3,000, so the headlines and the president celebrate. Don’t let the headlines distract you, look under the hood. This rally is technically weak, it’s as weak as the reason for it: The Fed……So while Powell once again pleased markets on the surface resulting in new highs headlines, the details beneath lay bare a rally that is weak, weak, weak.