Market Briefing For Friday, February 24

Persisting overall stability show few signs of cracking. Breadth drops on a daily basis a bit, while the overall A//D line stays quite favorable. We get a few hints of easing from overbought daily technicals, and the market quickly regroups and moves higher.

This kind of bullish behavior generates consternation not only among Bears, but the underinvested (or wrongly aligned) bullish crowd that ironically finds themselves in an unenviable rare position of not 'peer-matching' the rise.  

All of this supports signs of what I've termed a 'continuation pattern', despite being quite a long-lasting trend by historical comparisons. While allowing of course for pauses along the way, we have tried lately not to get complacent about the upside, while at the same time we have NOT attempted to short it or fade it, or panic out of stocks (like so many others have).

My view persists: that this is a transformative time to realign America better for future growth, and revive jobs and personal confidence among 'average' citizens, to levels they haven't seen in decades, not just years.
 

This matters a lot as opposition isn't just offering counter-points, but acts rather adversarial in a way that is deleterious to both the other side, but also their constituents (or put another way; it's damaging to the Nation's future recovery and efforts to secure our true independence). And I suspect some of them know it too, as they basically campaign for a restoration of excess globalism).

Globalism was fine for years; but mutated into a toxic challenge and in some cases bureaucracies, which turned-the-tables against normal trade or other relationships, with the United States acting too naively or really not at all in some instances, for years or decades. That got us to here; with a recoil that has unleashed the (often subsidized) new era crowd that pretends globalism was still 'fair' or that the new US Administration wants to dismantle alliances and so on, which is actually not the case (despite some campaign rhetoric inferring moves to that end).

In-sum: For now there's no change in our market view.

Disclosure: None.

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