ES Journal - 2023/2024

Setting technical reasons aside for a moment, why would stock index’s valuations rise, fall or chop? I think it’s starting to smell like QE and reduction of IRs are around the corner. Human psychology will choose the longer path of destruction, self preservation and all that jazz.
 
Setting technical reasons aside for a moment, why would stock index’s valuations rise, fall or chop? I think it’s starting to smell like QE and reduction of IRs are around the corner. Human psychology will choose the longer path of destruction, self preservation and all that jazz.

Where do you smell that...?
 
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