"The Dow, S&P and Nasdaq have made record highs. More importantly, the Transports have as well.
Does this define a new bull market?"
The following is part of Pivotal Events that was published for our subscribers December 8, 2016.
The intriguing headline is about the central banker observing that the market is on the "cusp" of a rise in interest rates. Following the exceptional technical excesses clocked in June, long rates have been rising. Also since then, short rates such as Libor have also been increasing.