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MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”

Macro Voices

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Is This the Story for the Month of February?

There will be a point where the market will have to check this rally and then we're going to have some sort of a sell cycle. There just seems to be no evidence at this moment that this is imminent. This trend is persistent and we have to first see where the upside exhausts itself before we speculate on short term downside targets. One of the things that I'm going to be really watching closely is when we inevitably get a dip, how well will the bulls defend it and where the support lines will come in on that.

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