Thanks for the latest market update Greg. The Fed claims to be unwinding its balance sheet yet the the markets are getting juiced by free money that the ECB is pumping out and by the Bank of Japan. Former Goldman Sachs analyst Nomi Prins has a new book out which details how central banks carefully coordinate their activities to make sure that someone is taking up the slack and is pumping out free money that finds its way into asset bubbles all over the world.
In the US the stock market will get another boost from the Trump tax cuts which James Howard Kunstler has called a form of QE by the backdoor. As you know that the 1% will not invest their tax rebates into R&D or new plant and machinary. Rather, it will go to fuel stock buybacks and further mergers and acquisitions. Here's to 30,000 on the Dow Jones this year!