The Fed is almost certainly going to hold rates steady today. If they cut again, it would be a massive (though positive) shock for stocks. Even with them likely holding rates flat though, Powell flapping his lips at the afternoon press conference will still most likely send ripples through the market. But for this morning, let’s look at how, despite all the rhetoric around the “overvalued” U.S. market, the money keeps flowing in.

Hey, Ross here. Welcome back. Yesterday, I talked about how we are in a target-rich environment for taking trades. Today, I want to show another chart that supports this thesis because it shows that the money is pouring in.

Hey, Ross here! Welcome back. Both the S&P 500 and the Nasdaq closed lower for the week – marking the second consecutive weekly decline. This is the “worst” weekly performance since June last year. And yet, as today’s chart shows, we’re in a target-rich environment.