John Schooler here, the melt up continues as the market continues to perform well. With extremely low interest rates and and considerable liquidity, the market continues to move higher. I do expect some choppiness. If the Federal Reserve starts pushing taper talk, you could add some anxiety to the market. If the Federal Reserve starts to taper their bond purchases this could cause rates to start to move higher again. However, some of the wise market participants I listen to, still feel were going to have a very good end-of-the-year rally. So, whatever pullbacks occur due to taper concerns will likely be met by buying on any pullback.
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