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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.72-0.1%Jan 16 4:00 PM EST

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SGJ
To: Machaon who wrote (183517)1/7/2023 10:30:59 AM
From: GROUND ZERO™1 Recommendation   of 221967
 
I think these markets saw that mccarthy had no choice but to agree to the demands of those 21 who voted against him, so it's sort of a compromise but in favor of those 21 even though he gets the position...

These markets absolutely love Washington gridlock, so with the swamp snake mccarthy holding to his agreed promises, and he must or he'll get removed, these markets are giving the economy a vote of confidence...

So, this rally should continue and this could have signaled the actual bottom..

We'll se how this all plays out...

GZ
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