The market is up around 11% from its recent lows. Its rallying on the hope of a dovish Fed. My advice is tread carefully… you might get ‘tricked’ rather than ‘treated’ this Halloween. The upside does not handily outweigh the downside risks. Bear markets are known to do just that…
"Inflation"
Does the Bullish Case Hold Water?
Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200
Tread Carefully…
The two biggest headwinds facing stocks are higher rates (bond yields) and the US dollar index. Both are yet to peak or show signs of a downward trend. And until they do – we can’t call a bottom in equities.
Things Starting to Look a Little Better
Markets are slowly but surely starting to look better. Yes – they are 25% off their highs – but that’s a healthy development. The way we make money is buying well. And with a little patience – we hope they go lower. My S&P500 target remains around 3200…
For a full list of posts from 2017…