Highlights
- Headlines are worrisome and bearish prognosticators are embracing them with gusto.
- With the Risk Gauge still in Risk On, and leadership still cyclical, the market remains in good shape, nonetheless.
- As such, conditions support sideways price action in the worst case, higher highs in the best.
- Although "sideways" means the S&P can still go down in the near-term, we remain of the mind that weakness should be bought, as we expect a resumption of the bull market, not the. . .
