SPX Second Head & Shoulders Starter Kit??
G20 reaction will kick the can down the road for sure, but how far is the real question. Uncertainty remains about tariffs for the next 90 days which cause more volatility.
Rates will be increased in the December meeting, but maybe not so much next year, data dependant.
Fundamentals of company's have matured and are not going to be able to expand. So earnings will be coming down from 20% to 10% if they are lucky. Still great but not at these levels. They are being priced with these rallies as if the global economy is growing not contracting.
So is this rally going to last a week and then return to the 2500 area until tariffs are agreed and signed off on with China or is this a continuation of the Bull market???
Rates will be increased in the December meeting, but maybe not so much next year, data dependant.
Fundamentals of company's have matured and are not going to be able to expand. So earnings will be coming down from 20% to 10% if they are lucky. Still great but not at these levels. They are being priced with these rallies as if the global economy is growing not contracting.
So is this rally going to last a week and then return to the 2500 area until tariffs are agreed and signed off on with China or is this a continuation of the Bull market???
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.