While there is a "tsunami" of liquidity currently flowing that can power stocks higher into year end, in the near term, stocks are looking over-bought and a (short-term) sell signal was triggered this week says portfolio manager Lance Roberts.
So between now and the election, be prepared for stocks to trade sluggishly and/or weaken.
Other than that, though, the developments this week have been largely favorable for the economy. Very strong jobs numbers (if we can believe them), a resolution to the longshoremen strike that threatened to paralyze ports along the US Gulf and East coasts, and a potential resumption of student loan forgiveness.
We talk about all that and more, including Lance's firm's latest trades, in this week's Market Recap.
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