— The gorilla, of course, is Fed policy and rising interest rates. — For certain segments of the market (Big Tech/The Innovators in particular) it rightly looms large. — For the rest of the market Wednesdays action was an exercise in ‘sawing sawdust’, reacting in a predictable way to old news. — The market sends a clear…
Tag: Bitcoin
What Worries Me — December 16, 2017
Really nothing has shaken my confidence in the secular bull market that started in 2013 with the S&P 500’s decisive breakout above 1550. This has been a prominent theme in Kort Sessions since Session One (February 1, 2013). My optimism then and since has derived from the belief that monetary policy, providing a near-zero interest rate environment, in support of…