HGSI DOC Top Down Review 11.15.2015
Greetings and Welcome to this week’s edition of my Top Down Review
Friday’s monthly employment exceeded expectations and the interest rate hawks hit the airways talking up a rate hike in December. After initially selling off, the markets closed back near where they opened and finished on a whimper, what was otherwise a very strong week.
The potential rise in rates had its expected result with banks and insurers moving up while REITS, Utilities, MLPs and other rate sensitive stocks gave up some of their recent gains.
Once again, the major indices are getting close to resistance as they begin to approach their year highs. Join me while we review last week and assess the market for potential direction and this week’s trades.
Have a great week.