Photo by Kerry Alphabet

According to the film “Super Size Me,” McNuggets are made from chickens with unusually large breasts.

The ground up meat is combined with stabilizers and preservatives. The chicken mash is then pressed into familiar shapes, breaded, deep-fried, and freeze-dried.

As the week ended, unusually large breasted buyers took the Dow Jones Industrial Average back over 20,000.

The stabilizer? A solid jobs report.

The preservative? A Trump executive order to roll back Dodd-Frank, a law that increased regulations on the US financial systems.

Familiar Shapes? Details of the EO and how far it will go towards deregualtion have not yet been disclosed.

The breaded version? “The banks are going to be able to price products more efficiently and more effectively to consumers,” Gary Cohn, Trump adviser and former Goldman Sachs exec.

The freeze-dried version? A potential end to consumer financial protection. Plus, perhaps goodbye to the Volcker Rule, meant to prevent the type of self-interest trading that contributed to the global financial crisis.

As market chickens eat their way to larger breasts, are they oblivious to a McNugget fate?

After last Thursday’s action put the Russell 2000, Transportation, and Regional Banks in unconfirmed warning phases, on Friday all returned to unconfirmed bullish phases.

Granny Retail, in a deterioration phase, got out of bed and toured the hospital’s gift shop. However, XRT showed signs of fatigue late in the session.

Semiconductors and Biotechnology remained firm. Yet, SMH could not make a new all-time high. And IBB has stiff resistance just above last Friday’s price levels.

Interest rate sensitive instruments such as Real Estate (IYR) did a dosey doe with the U.S. Dollar.

IYR confirmed the recovery phase, nonplussed by the rising interest rate yields.

The U.S. Dollar closed lower, equally un-phased by the prospects of higher interest rates.

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