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Fed is done for the year


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#11 CLK

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Posted 25 July 2020 - 05:58 PM

Anyone think SPX hits 3500 before March, or is this just going to drop and go sideways with 3300 the top for the next 6 months?



#12 pdx5

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Posted 26 July 2020 - 07:51 AM

3500 is possible----based on news! And no one can predict future news.


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#13 redfoliage2

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Posted 26 July 2020 - 10:47 AM

No way SPX will reverse to down trend before the pandemic is under the control as the Fed cannot afford a failure here, and thats why the indices going up with the pandemic cases . The stock market is not the economy its a container to hold the liquidity when the rate is too low and the liquidity is flooding the world......

Edited by redfoliage2, 26 July 2020 - 10:55 AM.


#14 K Wave

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Posted 26 July 2020 - 11:29 AM



No way SPX will reverse to down trend before the pandemic is under the control as the Fed cannot afford a failure here, and thats why the indices going up with the pandemic cases . The stock market is not the economy its a container to hold the liquidity when the rate is too low and the liquidity is flooding the world......

Pandemic is essentially done as far a peak infections...which looks like they peaked last week June to 1st week July in the surging big population metro areas. Epi curves clearly showing this now that we are a few more weeks down the road.

Remember, the case numbers being reported are from infections a week to 2 weeks back for the most part, so they will lag the date of onset Epi curves.

 

Will only get much better from here on out.

 

Here are just a few examples of some dashboards that post them.

 

Houston

 

harris.png

 

Austin - showing both Epi and drastic drop off in reported cases as well.

 

aus.png

 

 

Arizona

 

ari.png


Edited by K Wave, 26 July 2020 - 11:30 AM.

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#15 Dex

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Posted 26 July 2020 - 02:07 PM

Anyone think SPX hits 3500 before March, or is this just going to drop and go sideways with 3300 the top for the next 6 months?

 

I think we have 3 markets.

 

Tech - decline then to ATH

 

S&P 500 - decline then trading range BUT still strong as 30% is tech - 3500 is very doable.

 

RUT - decline then trading range lower then S&P 500


Edited by Dex, 26 July 2020 - 02:08 PM.

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