The Closing Look

Stocks opened higher on Monday, briefly dipped lower than edged higher to mixed by the close. The Nasdaq lagged for most of the day. President- Elect Donald Trump said in a 60 Minutes interview that he wants to unify the country. In other news, mortgage rates jumped to 4% since the election.

Gary’s Thoughts: What’s good got gooder…what’s bad got badder. Instructive that there are 300 new yearly highs on NYSE but also 300 new yearly lows. We suspect the overbought will pull in soon and the oversold will bounce. Gravity has to take over somewhere from the “Trump market reaction!”