Well it seems that we are in the midst of the first actual pullback of 2017. It’s funny how fast sentiment can change in this industry. No more than a week or so ago, majority of the industry were flying high on higher markets and strong first quarter numbers. Then, suddenly, the market is down for a few days in a row, and you would think the roof was caving in on the stock market. Looking at a number of longer term indicators, this pullback will hopefully be brief and potentially a decent opportunity moving forward. Let’s just wait and see.
Here’s what I’ve been reading this morning: