Having failed twice last week, the S&P 500 is once again testing its 200DMA as hopes of a border/shutdown deal, a lack of collusion, China trade dreams, and an easy Fed are prompting stocks to new post-Xmas dip highs…
The S&P 500 is at its highest since Dec 4th…
What happens next?
Oh and don’t worry – Fed Chair Powell just told everyone that he “doesn’t feel the probability of recession is at all elevated.” There’s just one thing – the NYFed disagrees…
via ZeroHedge News http://bit.ly/2IaSTEh Tyler Durden