Tuesday, November 22, 2016

Record Highs except for the NDX100; should we care?

NDX100 Daily Chart @ Close 11/21/2016
Whilst many a sub- Index & the Benchmark S&P500 + Dow register Record Highs; the High Beta NDX100 not so....for now.
Whether it matters in the brave new world of Trumponomics another matter altogether as it's now all about Nominal GDP Growth with attendant Interest Rate/ Monetary Policy implications & EPS ramifications.
Wait & See approach into year- end may yet be the disciplined one?