As at Dec’14th, there are just 10.5 trading days left of the year. The Christmas break will be most welcome, then New Years, and onward to Trump’s second inauguration.
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The SPX is currently net higher by +26.9%. On any basis, its been a strong year for the equity bulls, only being marginally outperformed by the precious metals.
The cheerleaders and associated ‘smart guys’ of clown finance TV, are naturally continuing to tout #everythingisfine . As many of you realise though, the reality is rather different.
Regardless of the exact 2024 settlement, 2025 should be more wild, not least with monstrous geo-political wild cards, such as Ukraine/Russia, the middle east, and China/Taiwan.
There is Trump of course, not least in terms of tariffs, and whether ‘DOGE’ can achieve any degree of success in cutting needless spending.
If you read around, you’ll be aware of chatter of SPX 7K, 8K, or even higher. Yet it is an #everythingbubble , and we know it can’t possibly end well.
Whilst the short and mid term trend has to currently be seen as bullish, I’ll be one of the first to call a break… when there is one.
For much more of the same…
Yours… awaiting Santa