Santa Fed Just Keeps on Giving
by David Brown, Chief Market Strategist, Sabrient Systems
Is that Santa Claus streaking across the sky with a sleigh full of toys? Nah, it's good ol' Santa Fed dropping bags of POMO money into the economy . . . and it seems to be working, at least on some levels.
The Energy Sector has demonstrated a surge in technical strength to lead the market higher this week, and at the same time it has surged in the SectorCast rankings.