1. a weakened economy and heavy debt load limit Fed's ability to tighten too much down the road. When things get really bad, QE might even be restarted
2. US-China trade war resolution could help the RMB and in turn lift gold
I Just Become Less Bearish on SPX500 -0.86% after seeing today's price actions. The numbers FANGs reported looked OK so the immediate downside is probably limited.
Below are 2 of my previous projections: