There are many reasons for investors to start to get excited. While markets had been complaining that stocks were in a bubble, we're seeing global signs of a pickup. An actual pickup deflates the bubble story. That's a change that along with a breakout on the equity indexes (SPY) needs to be respected.
Tight Range Breakout
When markets trade in a tight range and breakout from there it is usually a bullish sign that needs to be respected. CNBC reported that ahead of the breakout the market was on pace to have the tightest monthly range in 51 years.
A breakout from that very tight range is bullish.
Markets Breakout With A Rate Hike This Time
Markets went sideways since the last Fed rate hike December 14th. The first rate hike in a decade December 2015 helped crash markets. This rate hike has been…
