Zeev, weak internals in a cyclical bull market are often a transient event which can be obliterated by the next surge of activity. There is seldom good reason to go against the tide of money supply (a friendly fed) and the concomitant normal yield curve.
I realize that you are looking for the conditions which set the stage for a more significant move upward later this year and in the election year....but, that is a generally expected reaction (pundits have been calling for this "correction" for months now) and hence may not materialize.
This process may require a longer period of "consolidation", loss of patience, whatever, but perhaps no real scary dip between now and October. That doesn't mean we don't have a rousing market next year...Just means that the following correction could be harry....:o(
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