In sports, a hot team always seems to be luckier than the struggling team it’s up against. Sometimes, a hot team with key injuries still beats up on the team in the doldrums. Well, today’s action is similar, the Stock Market “Bulls” disseminated with key injuries (tons of negative news flow) managed to actually ‘win’ this one vs. the struggling “Bears“. Also, an excellent sports franchise can bring up some rookies to fill a void in the line up, today the “Bulls" got inspiring debuts from 3 rookies in the form of IPO’s. A positive for the future of the Bull team.
It might not look like the better team won today in the final box score, but this had to be a moral victory for today despite the (TSY bewildering weak action= Fed tightening (hawkish?) expectations, Club Med sovereign debt moving to Portugal.
Yes, these new ‘noises’ may escalade, but, until it/if happens it’s just another ‘worry’ that can just as easily pass day to day, so no dwelling on the ramifications of such possibilities…just trade away and be part of the better team, the better way to go.