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In today's Financial Intelligence Report, we're talking about the Feds latest interest rate hike, and what it means to the market going forward. We also talk about insider selling, and the length of this current bull market.
As you may or may not know, the insiders have been selling record amounts of their own stock lately, and if you couple that with rising rates, a flat yield curve, and the duration of this bull market, you come away wondering "how can this keep going?" It's a good question and we chat about it extensively in today's letter.
Please give it a read, and as always it's a free newsletter.
And free is pretty darned good, I'd say.
Isn't it amazing? Just two days ago we had 8 open positions and
they were soaring. Then between yesterdays sag and today's
pullback, we've been hit on all but one stop. Go figure.
We sold cat at 62.09/08
I told you LRCX might come under pressure because of XLNX last
night, but they gave us an escape route. Although it plunged hard
right after the open, we were able to get out with a penny to
spare. Okay, no