By Norman Conley via Iris.xyz
After a rough 4th quarter, the broader stock market firmed recently, but it remains well off the highs set last September. To make things even more challenging for investors, the New Year is blooming with plenty of worrying headlines. To highlight just a few less-than-favorable facts, we are now in the longest government shutdown in history (over 30 days), the US/China trade spat continues to drag on, corporate earnings growth appears to be slowing, and consumer sentiment has taken on a more cautious tone. We could go on, but the current zeitgeist is anything but ebullient. However, as we have often observed, markets tend to behave in surprising ways.
We have previously detailed some potentially bullish fundamental and technical data that makes us believe the odds favor a decent year for stocks in 2019.
The charts above point out yet another positive observation.
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