After 3 weeks, we finally had our first day of decent selling. Euphoria over the Federal Reserve’s low interest-rate announcement was reversed early on. The Fed is back on the sidelines and major earnings mostly done. What will be the catalyst for a further rally? That said, the dip buyers must be salivating to buy the first dip and throw in month end mark up we could still find some support in a day or two. I am thinking some reality of slowing economy and uncertain macro picture will hit us again after the new year money is spent.
