XJO - Bear Posts only (Factors which might cause the markets to fall), page-13225

What’s driving markets

Investors are turning bullish as economic data suggests inflationary pressures are easing off and a tight labour market will give consumer spending a filip.

eToro: “We’re in a bull market until recession signals emerge, and that hasn’t happened yet. Spending is strong and inflation is coming under control. As the past few weeks have shown us, it’s crucial to stay invested.”
Goldman Sachs: “At this time next year, portfolio managers will look back and realise the best investment strategy for 2024 was to follow Taylor Swift’s advice in the song from her 1989 album: ‘All You Had To Do Was Stay’ – invested. The song reflects our baseline forecast that despite intermittent volatility, fund managers will ultimately be rewarded for staying invested through the end of next year.”
Wells Fargo: “We expect current conditions to allow for a decent holiday sales season for retailers, but we are still likely to see the slowest pace of annual sales growth since ahead of the pandemic, and we remain cautious on the prospects for spending in the new year.”
Source

Bwaa ha ha Bold Man Sacks now using pop songs as a source of trading advice.......truly professional.

OK, new bull market, until it isnt..... ha ha