Mashed Potatoes and Jello Lead the Charge

by Rick Ackerman

AAPL looks like it will need to pull back to get a running start at $120, where supply is certain to be plentiful. Freaky Friday could provide an opportunity to do it the easy way – i.e., with short-covering on any kind of news that could be construed as bullish. But it’s hard to imagine what that news might be, given that Biden has been climbing in the polls and stimulus talks are in a muddle. Fed chief Powell could venture forth and cough into a microphone, but he seems to save his bullets for moments when investors and the news media are stirred up to begin with. The Russell 2000 is where the excitement has been lately, alas. You could no more build an historic rally on this than you could a fabulous dinner featuring mashed potatoes, salisbury steak and jello.

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