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From Wall Street's point of view, the president was elected on campaign promises we're still waiting on.
“Breadth is beginning to worsen here,” writes David Rosenberg, chief economist and strategist at Gluskin Sheff. A mere 53% of New York Stock Exchange issues are above their 200-day trendline, a situation that hasn’t obtained since before the election, he adds. “We are 90% of the way through this cycle, past the seventh-inning stretch,” Rosenberg avers.