With the no longer spiking the punch bowl, and the big slowdown in the U.S. economy caused by the end of , traders are going to be focused on fundamentals like .
are expected to decline by the most since Q1 2009 as the U.S. economy slows. The Fed and other market cheerleaders continue to predict a robust rebound in economic activity in the second half of 2015. Beyond reading tea-leaves, there is no sound logical reason for this optimism in my opinion. Low gas prices? What a lie that was. Gas prices began falling about a year ago and yet we still have not seen an improvement in consumer spending.
The Bulls have a slight advantage over Bears but I think markets will continue to be range bound as traders stay cautious as they digest the negative effect of a rising U.S. dollar on corporate next week.
I talk more about this in the weekly show broadcast every Saturday evening on YouTube: https://www.youtube.com/watch?v=xvF-ZdEg...