Highlights
- Although we are longer-term bullish, our expectations for a rangebound summer remain intact.
- Under such circumstances, the most important takeaway is to "do the opposite" of what the market has recently done. Sell overbought strength and buy oversold weakness.
- In this note, we provide a couple scenarios for how things might playout in this regard, with tomorrow's Fed announcement likely being the catalyst for one scenario over the other.
"Remember...Do the Opposite!"
For now, two things remain. . .
