Travel leaves this weekly review post necessarily shortened. Last week the S&P500 put in another whopping +5.8% gain. By the same token, treasury yields continued to rise, prospectively narrowing the gap in near-term return expectations among the asset classes -- something to think about. Nevertheless, just as we now see intermediate overbought indications within equities in the Rewind, other models suggest that this atypical upward run should continue to be treated with respect.
Week Twenty of 2009 (is that possible!) features the following earnings and economic calendar:
Enjoy Your Weekend!
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