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:
After a very strong performance in 2016, the bull market enters the New Year on a confident note. While there are signs that a pullback is underway, this is offset by the repeated ability of the bull market to absorb the punches and resume its advance.
The result may be a modest correction in the early part of 2017 before the bulls push the markets to new highs.
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