“Ultralow borrowing costs. Pent-up demand. Aging infrastructure. Record consumer wealth levels. JPMorgan Chase's Tom Lee has a long list of reasons to remain bullish on stocks this year. "To me it's really a formula for stocks to do quite well because it's going to be a story about earnings surprise for the next few years," Lee said Monday on "Squawk on the Street." Story and video at...
New-high/new-low stats are continuing to stall. This can indicate a coming reversal (or not). It doesn’t always work. Deteriorating internals at the new-high is not encouraging, but it doesn’t guarantee the market will fail here. We saw about a 3% gain in November 2013 on falling market internal stats.