3/18 It should be noted that the so-called real Federal Funds rate, arrived at by subtracting inflation, is still below zero, a clear sign of an accommodating policy.
Our long term models as well as the chart patterns of the major indices are bullish.
In the meantime, our advice for long-term investors and traders is to stay fully invested respecting the prevailing trend, which is decidedly bullish and could have another year to run.
It’s a bull market, and in bull markets you want to be fully invested
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