Who is Kevin Hassett? Wolfe looks at the Trump ally tipped to become Fed Chair.
On the one hand, stocks are breaking out of key patterns, such as the small caps (NYSE:IWM) pushing above this triangle:
And, to my eyes, a breakout like this – – what’s the word? – – oh, yeah: sucks.
On the other hand, there are some sectors that remain nicely positioned and appear to be turning away from recent strength, such as financials (NYSE:XLF):
We don’t even care, as restless as we are;
We feel the pull in the land of a thousand guilts;
And poured cement, lamented and assured;
To the lights and towns below;
Faster than the speed of sound;
Faster than we thought we’d go, beneath the sound of hope.