[SITREP] Breather from Bizzarro Market, Will it Last?
By: Matthew Whiz Buckley
In today’s Market Situation Report, WCI’s Chief Investment Strategist Matthew ‘Whiz’ Buckley discusses the weak reports from the Philly Fed and the Conference Board Leading Economic Index as well as jobless claims, which came in higher than expected.
“Is the market finally realizing that bad economic news is bad for the market?” he asks. “Maybe yes; short-term, but no long-term. You can’t fight the Fed. We may see a pause, but the rally will continue.”
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