Market Update

Since Stocks have dictated the direction for Bonds of late, last week's Stock tumble helped Bonds improve. With little news to influence Bonds until Wednesday, Stock prices could resume their role as lead dog. Bonds are having a tough time plowing through overhead resistance and have pulled back on some profit taking, as Traders position themselves with cash in-hand to jump on a Stock market rally. For now, I will recommend that we cautiously float; however, I will be keeping a close eye on Stocks.