The Nasdaq 100 is likely entering a correction phase.
The 50-day correlation with the US 10Y Yield has reached extreme levels, with both assets moving upward.
This is usually uncommon, and as the slope of the correlation begins to turn down, a correction is expected to follow.
...yes, quite likely the market will start correcting as I take leave from posting for 12 days to travel again.
...you can't take your eyes and ears off Trump following the news and business, it has been the dominant theme since he won the election. The only way is switching off and travel.
...everyday you just hear US business leaders full of praise for the Don, money talks nothing else matters.
...on this note, take care and be safe.
