Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the continue strength in the broad averages. In the face of lower rate cut expectations and a bounce in yields the broad averages continue to move higher. The S&P has been up 14 of the last 15 weeks (this week is a toss up heading into the Friday close).
We hear the bears point to weak breadth, focused on the lagging small caps so we spend some time discussing the IWM chart and set up for the small caps. We also recap the inflation data from this week that was higher then expected.