Strong Rally, But Some Moves Were A Bit Extreme
- The response to President Trump’s election was obviously very bullish in the stock market. However, some of the moves in the marketplace were a bit too extreme on a short-term basis…and thus they should not be chased over the near-term.
- Instead, areas like the banks and the small-cap Russell 2000 should be areas where people should look to buy on weakness if they believe that these initial moves will turn out to be lasting ones.
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