At the Edge of Chaos: Stocks Set Up for Rally; Contrarian Alert on Taiwan Semiconductor
This could be one of those times when being a contrarian could pay off in a big way.
Indeed, just as the wall of worries is being raised to new levels by fears of higher taxes and of the Fed cutting off QE, the stock market seems poised for a new up leg, as the less-than-expected new jobs-created number in the May employment report has eased fears of the Fed raising rates any time soon and Congress and the White House negotiate on taxes. Moreover, even as the rebound in jobs remains somewhat elusive,…
