The S&P 500 will top soon at 2925-2930

[Nine_Ender]

This is INSANE.

"Traders are now pricing in a 100% chance of at least a quarter-point cut in July, according to the CME FedWatch tool. Barclays expects the Fed to lower the federal funds rate by 50 basis points in July and 75 basis points this year."

I suppose this means that if the fed in July decides to stand pat, we could be looking at a major tanking.

The prospect of going up 10% from here either in short order or this fall is not insane in fact it's well within the range of normal probabilities. Interest rate cuts will be minimal or not at all, and there won't be any major tanking this year imo.

 

[Overnight]

The prospect of going up 10% from here either in short order or this fall is not insane in fact it's well within the range of normal probabilities. Interest rate cuts will be minimal or not at all, and there won't be any major tanking this year imo.

10% would mean 3300 on the ES. To use a B1S2 thingy,

FALSE

 

[Nine_Ender]

10% would mean 3300 on the ES. To use a B1S2 thingy,

FALSE

My rough target is 3200 by end of year.

You can go back to January 1, 2018 and calculate the percentage gain in the SPX if it hits 3200. It's around 17%. Go ahead and tell me that US markets never go up 17% in two years when the economy is healthy. Yet so many of you act like it's some outlier result that can't possibly happen.

 

[FriskyCat]

10% would mean 3300 on the ES. To use a B1S2 thingy,

FALSE

It was at 2350 in late December, 650 points lower.

 

[S2007S]

Job numbers soon. Of course the worse they are the better the markets will do since now everything is about the fed cutting rates at the end of July by a huge 50 basis points....which isn't happening. 50 basis cut haaaaaaaaa

 

[S2007S]

Looks like those fools who think they are getting a rate cut at the end of July aren't getting anything...


US nonfarm payrolls total 224,000 in June, vs 165,000 jobs expected

 

[S2007S]

Futures down after jobs report, all those fools still hoping and praying for a 50 basis point cut at end of July is hilarious! Keep wishing!!!

 

[noddyboy]

How did vix hit 12 today?

 

[S2007S]

Market selling off, today's job numbers were the only set of numbers the markets were hoping for to have the fed adjust their interest rates lower at the end of July and it didn't work in favor so now the markets are whining like a little bitch....boo hoo...no rate drop so the markets sell off. Hah

 

[S2007S]

How did vix hit 12 today?

Where did you find a 12 on the vix....told you it was going to jump.