Stock market on December 8, 2017: thoughts and outlook

1. There is a really strong (+0.9) correlation between the S&P 500 and the 2 year Treasury yield. The 2 year Treasury yield is extremely overbought on every time frame. 2 year yield decline = S&P decline?
2. this was a solid jobs report. and no, the current economic expansion isn't long-in-the-tooth
3. tax cut will cause M&A to boom. long term bullish factor for U.S. stock market.

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Submitted December 08, 2017 at 03:36PM by markethistory http://ift.tt/2k9SUsU