The Year Of The Dragon.
We are entering the year of the dragon on the Chinese calendar which it appears traditionally signifies good luck, prosperity, strength and abundance. Although the Chinese stock market is not really the place to look for much in the way of prosperity or abundance right now, U.S. stock markets are hot, hot, hot and that didn’t change as we saw yet another week of gains across the board with a significant new milestone reached by the S&P 500.
Federal Reserve chairman Jerome Powell reiterated in an interview with CBS’s 60 Minutes that aired last Sunday evening that the Fed likely won't be ready…
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