with record swing highs in the equities market followed by a precipitous drops.
So in reality, until us retailers and lesser funds give in and start actually buying these equities markets it will continue to drift higher and higher.
It is simply the nature of the greater auction markets.
By the way, if you study my chart example you will see the cyclical momentum shifts often occured the following year after the actual election year. The previous cycle, early into the first year of the new president began what is becoming the longest and sharpest Bull run ever.
Now we are into the early months of a new administration and markets are up precipitously at extreme highs of this market.
It sounds backwards but until we start buying this market it won't come down.