Stock Dip Kills Longest Win Streak In 4 Years As Catalyst-Crusher Comes To An End

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Market Commentary, Real Estate

Once again all eyes were on “soft” data (Philly Fed) as “hard” data (housing starts miss) disappointed and the forced buy-in pressure lifted…
7 days up in a row for the S&P 500 (longest streak since March 2013) was the limit it seems as Catalyst’s statement that it had completed its forced buy-in to cover and Trump’s comments about how awesome stocks are capped it…
The Dow managed to creep green (record high) as VIX was crushed…

This post was published at Zero Hedge on Feb 16, 2017.