In today’s briefing:
- Year-End Rally to Continue?; Riding the Trend Higher; Buys in Education Services and Retailers
Year-End Rally to Continue?; Riding the Trend Higher; Buys in Education Services and Retailers
- The broad equity market has been on an absolute tear since we discussed in our 10/31/23 Compass how risk/reward favored buyers as key supports were being tested on SPX/QQQ/IWM
- Furthermore, we discussed in our 11/7/23 Compass our belief that this was more than just another counter-trend rally, and that it is likely the start of a significant year-end rally.
- Bullish developments have only continued; among them includes 3.5-month downtrend reversals on the S&P 500 and QQQ. We expect more upside into year-end and beyond.
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