MacroThinking
Long

Stock Market at Important Juncture

FX:SPX500   S&P 500 index of US listed shares
The S&P500             is at an important point in time. This excellent chart from @YaKa shows how the market is now at a meaningful long-term inflection point after a 7.5 year run. Normally this would be convincing, but this market cycle is different and thus the last run cannot be used for precise comparison. This market is not expensive enough at a point in the economic cycle that still has the higher-growth cyclical period ahead of it. Much of the development of a good cyclical phase will be determined by economic growth from here. We have recently seen better jobs numbers. If this can continue and start to show meaningful wage growth, then this market will have the final, powerful last up leg that has yet to happen. And if we don't get the strong jobs and other economic data, the Fed wont raise rates and the market will rally. While I expect this chart to create some turbulence in near-term prices, I expect short-term weakness to continue to be purchased aggressively as the economy strengthens.
PivotHunters
2 years ago
This is my chart isn't it. I appreciate your honesty in not even modifying it a tiny bit:)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out