Jonathan Krinsky, Chief Market Technician for MKM Partners, believes technology still maintains market leadership and that we are nowhere near a market top. He sees a short-term consolidation in stocks. The US dollar is in a primary uptrend while the bond market is in the first phase of transitioning from a bull to a bear market. Also, later in the podcast, Robert Rapier offers his thoughts on how the OPEC production cuts are starting to work and how OPEC still wants to see $60 oil. We're being set up for oil prices to spike longer-term. Jim will give this week’s Market Wrap-Up.
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