Given this and the rate cut circus, I think US may still go abit higher (melt up), then sharp downtrend in the second half of the year, then recover to finish the year ~5000.
Second round major crash probably not until next year. Once we get a rate cut, bulls will be left with nothing to use to pump markets.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15888
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |