Today the market ended lower, at about 3900. I don't think it will go lower next week. This was to opportunity to buy more. I know it is a long-shot, but the fact that the P/E ratio is still not the highest it has ever been and that the Stimmy checks I think will keep coming, when the economic outlook will look "better" (many people will have got the vaccine and...
The bull market that we have noticed after the GFC of '08 started because of the low-interest rates enviroment. This is the main driving force for the S&P500 and the whole US stock market. It even has a pysical form, presented on this chart: the black line! It is the great hand that keeps everything floating at overwhelmeding valuations and it looks like it is...
I think that Tesla will go down in the next two weeks, 15-19 of February being the decisive week. For a conservative trader, it is best the wait out this week. Take profit target: 400$. And the S&P will follow and the dollar will gain some strength. Note this is a short term view! At the beginning of March, I see the Fed coming to the rescue. Again.
Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it! And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP ! The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived...