As Treasury reacts very robust economic data, how far the stock markets set to go in new year with several potential challenges still ahead? Has the market done too far too fast, or still set up for something pretty good at the beginning of the year?
The common sense of the market is keeping skeptical about any point of “too far too fast”.
It has been very narrow until lately. For the whole year, only three sectors outperformed, but over last quarter, six sectors outperformed.
The rally is broadening out. It is a positive sign. And the broadening will continue.
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