The market is a forward discounting mechanism and looking back my stance is that the stock market are anticipating a pause in the FED stance. Hinted on Wednesday by FED Chairman Powell who said "smaller rates increases are likely ahead" as soon as December.
If the market is anticipating a pause, THE GENERAL MARKET INDECIES are likely to push forward. This of...
This double chart have one and only purpose... to simply destroy any king of idea about the S&P that could be about to perform crazy like it did in the 1995-2000 rallye.
That's just non-sense and purely stupid. Not only the context is totally different... cause back then the GDP was the true gas of that rallye... as today everyone knows that we will never be able...