Stock market on May 16: summary and thoughts.

1. The weakness in breadth (FAANG) is not a bearish sign. It is irrelevant.
2. Housing Starts was not weak today. If you break down the numbers, housing growth was decent.
3. The stock market will top when oil tops (around $51?)

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Submitted May 16, 2017 at 04:12PM by markethistory http://ift.tt/2qteo6V