Fed starting to get more friendly on rate cuts.
Housing market getting weaker
Lots of crosscurrents, right now. Overbought, but systematic flows likely to come in.
Personally, I'm hoping to use a pullback to get longer.
In a vacuum, it's looking like we're setting up for a constructive few weeks, if perhaps not involving huge gains.
What could disrupt that is sufficiently negative news, maybe from tariff talk.
I'd say the most likely move is a grind higher, with a chance of a potentially notable decline. Short-term magnets for downside are far away, now.
Important to be able to change your mind.
We have likely long-term problems but those may not present an issue for a while.
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