Unless something has changed staff members of the House Finance Committee now have the monthly jobs report. I have not seen any attempts at correlating late day trading to the report. A couple of years ago Goldman's head economist would change his forecast around now but I assume when that became obvious he had to stop.
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“History never repeats itself, but the Kaleidoscopic combinations of the pictured present often seem to be constructed out of the broken fragments of antique legends.”
Small caps have been water boarded all day. Finally submerged to the ADR low. The rest of the week we hit it within 60 minutes of the open.
Monday 10:32 1421.1
Tuesday 10:25 1419.4
Wednesday 10:20 1415.1
Today 3:33 1401.3
So things have changed
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long term dart:
a pull back starts bit later this month once 2500sp hit, august with anticipation of budget ceiling /tax deal deadlines that will go into fall. 5%er. some measure will be passed to pacify all. off we head to new highs, my target is sp2664 (666x4). 2018 some time...then a bigger correction, via something we don't know about... we need more exuberance and calm to build..