I also got a chance to visit the Wharton School at University of Pennsylvania. I was on their SiriusXM Radio Program with Jeremy Schwartz. We had a really great conversation and I even got to chat with Professor Jeremy Siegel. Him and I were debating US Interest Rates! I think I won haha but you tell me. The episode will be a podcast and published soon!
All this and then I hit 61.8K followers on Twitter? What a week!
Here is the S&P500 apparently in quite a hurry to reach our upside objectives:
The Dow Jones Industrial Average continues to join along and is well on its way to our targets:
Transports are coming. If they’re not making new all-time highs next quarter, I owe you a ticket to the New York Transportation Museum in Brooklyn! (If you ever get a chance to go it’s actually really cool!)
And notice how it’s not just in the United States. The S&P Global 100 Index looks just like the S&P and Dow Industrials right?
Emerging Markets are making new 52-week highs. This is all happening together. We’re not seeing areas diverge. This is expansion in participation. Do you see that? This is the opposite of all the “weak breadth” fairy tales they’ve been telling you for 6 months.
India being the boss that it is new all-time highs:
Oh, and can we talk about this breakout in the Communications index? What more do you need to see? Remember 40% of this index is $GOOG & $FB – how do you think those two will do if this thing is going to 315?
It looks like the market is answering our question about Discretionary and Amazon:
Am I crazy? What am I missing?
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