back to within 3 points of the all time high close. .
Q4 earnings are positive overall, with the SP500 up over 10% year over year.
Interest rates are holding fairly steady, wiggling up and down. . .
January economic numbers reported in February are always a bit erratic, as there are annual restatements and have funky seasonal adjustments, making February all in all a bit more volatile and not very directional.
Valuations are high, but its a positive seasonal time of year.
AAII bullish sentiment has fallen fairly quickly, indicating fear of loss has overtaken the joy of gains. however, that's mostly a contrary indicator, so good for the moment.
Since January, we have had a political regime change, and its a bit early to figure out the market impact, and likely people won't have a good handle on it until the first quarter earnings which will reflect any tariff and operational impacts. .
So, holding current long positions is the best course until the future becomes less uncertain. It will never be certain, but the future can become less uncertain.
good luck, we need it. .
short term machine learning is forecasting some higher highs on the SP500 over the next two weeks. . then
