It was an absolutely beautiful late Autumn day here, and I could not resist the temptation to be outside working on productive things in the yard.

The deny and defy rally looks to be just about over. Huge divergences today.

It is almost as if the financiers are playing out the script they had agreed upon before the election. 

Financials and healthcare are leading the way up on hopes of a friendlier regulatory climate.  The sectors that might be affected by a major fiscal stimulus in US infrastructure are feeling the love.

But the market seems very schizophrenic about the future.  

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