Bull market for stocks.
Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
While New York has not responded with a convincing upside move as quickly as we expected, it is showing signs that internal strength is growing. Our view remains that New York is in a rotational correction "more in time than in price" that will be resolved by a conclusive move out of the trading range and into new high territory.
When this occurs Toronto will be dragged along for the ride, ending its corrective period.
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