- As stated in 5 FEB post, the market has merely continued it's slow crawl upward against the Bollinger band. It has been amazing how long it has slowly crept upward.
- Picture above from Gann360 on Twitter, looks back at similar moves in the past few years and finds a day count of 50-56 days until at least a 3% correction. Yesterday was day 51. Would tend to indicate a correction is coming...only questions are when and how far and no one knows.
- Healthy markets need to breathe...it is atypical to just inhale without any exhale.
- Below, Federal Reserve action periods (QE) over the past 3 years.
Hotels: Occupancy Rate Decreased 0.8% Year-over-year
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Hotel occupancy was weak over the summer months, likely due to less
international tourism. The fall months are mostly domestic travel.
From STR: U.S. hote...
11 minutes ago
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