Even the Fed Can’t Sink This Powerful Market Trend…

by Greg Guenthner
Daily Reckoning

The major averages are posting new all-time highs together for the first time this century.

The Nasdaq has finally smashed through its 1999 dot-com top, joining the S&P 500 and the Dow Jones Industrial Average in uncharted territory. A rejuvenated market is flashing new and powerful trading opportunities…

But if you’re searching for some passionate bulls, you’re going to have to keep looking.

Instead of watching the market this week, investors are watching the Fed. Federal Reserve Vice Chairman Stanley Fischer popped up in Aspen on Sunday afternoon to say that the U.S. economy is close to central bank targets, signaling a potential rate hike is on the way before the end of the year.

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