Daily Archives: December 4, 2017

Market Forecast for 2018: More Volatility & Political Uncertainty

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In last year’s market outlook for 2017, I anticipated a rise of around 11% in U.S. equities, in general, to place the S&P 500 Index at just above the 2400 level by the end of the year (my post was written on December 1, 2016, so my calculations and forecast hadn’t incorporated a further 80-point rally that occurred during that month until year-end).

In my post of November 26, 2016, I was projecting a rally in the SPX to around 2700 by the next U.S. Presidential election in 2020. Markets have certainly been much more robust this year than I anticipated, as this level has almost been hit already. It rallied to an all-time high of 2657.74 on November 30 and closed on December 1 at 2642.22. (more…)

Tax-Cut Nothing-Burger

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Well, considering how the Republicans (a party which, even as a youngster, I considered myself a proud member of, but now believe they are disgusting, soulless, corrupt pigs) completely fucked over the 99%, one would think equities would jizz all over themselves. And they did (see green tint below). But the jizz evaporated as quickly as something-something-something to do with Mitch McConnell’s complete absence of a chin.

1202-es (more…)