Published on Mar 18, 2017
In this episode of the Keiser Report, Max and Stacy discuss the economic populism that voters in Michigan want to hear but that Democrats refuse to say and what happens when private equity runs out of things to buy. In the second half, Max talks to Mish Shedlock of MishTalk.com about the Fed’s interest rate hike.
We enter the last week of March with the market having it's worst week since before the Presidential election. The DOW, and S&P are in danger of their fist down month since October, There are sill areas of the market bucking this selloff, Nasdaq 100, Semiconductors, and Tech are among 8 of 22 ETF's still positive for the month.
Note how with most of the market down on Friday, 7 or my top 8 ETF's had winning days, showing a widening gap between the strong and weak sectors
Strong Yen action in early trading could mean a down opening for US stocks if these numbers hold overnight
Last years #2 ETF Semiconductors remains hot and could post it's 5 straight up month and 12 of the last 14 months have been up as well. SMH was up 34% last year and is on course to top that. Such a two year run is not unheard off, as this sector did just that in 2013 & 2014
YTD leader Biotech had a nice bullish engulfing candle respecting the 50 day moving average. If this broader market pull back is nothing more then that then Biotech looks ready to lead market to new highs