New All-time High Likely Today

A Fed rate cut, a liquidity injection and seasonal strength will push the market through the high.

PRE-OPEN MARKET COMMENTS FRIDAY - The market flirted with the all-time high last night and it backed off when AVGO reversed its gains. Overseas markets were up marginally so there is a slight tailwind. The Fed cut interest rates and they are injecting $40B of liquidity into the banking system the rest of the year. Seasonal strength is going to push us through the all-time high today and Asset Managers are going to market portfolios up into year end.

Daily Bulletin Continues...