Stocks opened sharply higher this morning with the Dow Jones industrial average up over 200 points as I am writing of this article.
One might ask:
how is it that the market could open so strongly to the upside after hurricane Irma hit Florida, and just two weeks after a devastating strike by hurricane Harvey in Texas?
The fact of the matter is very straight forward.
Hurricane Harvey, and now hurricane Irma, have virtually assured that the Federal Reserve will not be raising rates in any meaningful way for the foreseeable future, and the stock market is loving it.
What this means for the market is yet another hit of easy money, akin to an addict receiving their next drug fix.
Hurricanes Harvey and Irma have now set the stage for the bull run in stocks to go ever higher, assuring that the already monumental distortions which exist in this market will only get worse.
Gregory Mannarino TradersChoice.net Click HERE: https://www.traderschoice.net/