We belive that this year will be a "flat-mode" or a "wait-and-see". The US economy is still tonic and the data on payrolls, unemployment and spending are positive. However, we believe it is possible that a slowdown in corporate earnings can change the Fed's course. Furthermore, the excessive uncertainties of Brexit, the EU and the commercial war with China could significantly damage corporate companies. In our opinion, the S&P500 index could undergo a retracement of up to 2,500/2450 points as a first objective. In the event that the recession should arrive in the US, we do not exclude a second target at 2,300/2,250 points.
IMPORTANT:
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
Always make your analysis of your own before your trade.
If you find useful my analysis, please hit the LIKE button and follow me.