FLASH: This a Special Report, looking ahead at this leg of the longest Bull run in market history
The US Stock Market: The Bulls Vs The Bears
- Russell 2000 +16.4% YTD
- NAS Comp +12.6% YTD
- DJIA +11.0% YTD
- S&P 500 +10.7% YTD
In a review of the DJIA 28,000 outlook for Y 2019 at the weekend because now it look like we will get there, sooner rather than later.
Last week the retail sales number disappointed but it was very incomplete as it did not include e-Commerce giants like Amazon and non-store retailers.Also, the numbers signaled that will not be a recession in Y 2019 or in early Y 2020 barring any Black Swan events.
Our senior economist, Shayne Heffernan, PhD favored recession indicators do not even put a recession anywhere on the radar.
Both Shayne and I see the Fed slowing down on its asset sales (reducing its balance sheet) and potentially being a net buyer of Treasuries again in Y 2020; meaning rate reductions and QE ahead. And not only in the US, world wide.
Always take what the market gives, and tune out the Noise!
All the best.
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