SPX Sideways Move Absolutely PossibleI'm not saying its going to happen, but many fundies point to indecision. There's little motivating force behind breaking through previous all-time highs. Trade war resolution? Probably not since after US-China, Trump may take on the EU and Japan with auto tariffs. If that goes down, he could easily tip us into recession. At the end of the day, speculative appetite is based on growth which is in generally slowing. Yield curve inversion reminds us we are close to the end. Could be a year out, could be a month out, but either way its coming. You can't time the market and you probably won't sell at the perfect time. Most investors know this and probably don't want to go deep into US equities or world equities for that matter if they know within a year or so they'll be able to buy everything much cheaper. Credit loan swaps remind us of the derivative perils of 2008 with much corporate debt grouped together creating uncertainty over the quality of specific loans. In short, theres many more reasons to e a bear than a bull. Because of this, I could understand a move sideways for several months and then a significant correction and possible recession. For more, check out www.anthonylaurence.wordpress.com
