This week's SPY forecast update has produced a positive skew into year's end (week 30). The mood seems welcoming to a rate hike, especially the financials. We are in the most bullish time of year and notwithstanding some major calamity the odds favor the bulls till year's end.
This is also the time of year when the Russell (IWM) is typically strong and normally outperforms SPY.
Tomorrow we'll see how IWM is doing and is likely to do going forward.
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