• It's Coming...

    MARKET EDGES

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Undoubtedly, expectations mount on his shoulders alongside the US market's latest "re-flation"... which ultimately means that Obama can underperform more readily vs. those expectations given a higher level of prices.

Today's Obama press conference (that just ended) was the first in weeks where I noticed a more difficult dialogue between him and his adoring media.

From Israel to the economy, this just is what it is... not easy. I have an important support line developing for the SP500 at 901.
KM