FINDING FAITH IN FRIDAY FEAR
I love a little Friday volatility. It leaves participants feeling fear and doubt going into a weekend, and in many instances over the year it’s morphed into a pain trade of higher prices.
I think the best way to articulate my thoughts about how we closed the week is to let you listen in to a video presentation I gave earlier today, after the market abruptly sold off.
In this video I compared the week to former market rotations that have occurred since the election…addressed market speed and correlation…and talked about sentiment extremes or lack thereof.
Market dynamics are always subject to change, but I have always broken the environment down into a few simple concepts and conditions…all of which remain in tact.
Have a great weekend!