The Bull Market is Just Starting
There is simply no reason for the Market to retreat for the following reasons:
The Fed rate hike cycle is near finished. The inflation rate is starting to trend downward from 6.5 % in 2022 to a current 4.9 %, and continues down by approximately 1.0% per month.
The USA will continue to lead energy development both in the tradition and clean areas. US oil production is rising with a projected average of 12.6 M barrels/day in 2023 verses 11.9 M for 2022. Even with OPEC cuts the US production rates will keep pace to level prices. Clean energy investment is rising and eventually will decouple the free world from OPEC.
A computing hardware shift is in its very early stages. The traditional CPU computing will need to be replaced with APU computing which will provide low energy consumption and ultra fast data processing. The resulting new Gadgets will amaze us all.
The 2nd quarter earnings reports and forward guidance will exceed expectations as the news roll in this July. People are working and wages will be strong - fueling corporate profits and revenue growth.
The USA is the best and strongest democracy in the history of the world. American Ingenuity and capitalism will continue to drive growth for years to come.
The S&P will revisit the highs of 12/21 of 4700 very soon and then accelerate upwards. A very bright future ahead.
The Fed rate hike cycle is near finished. The inflation rate is starting to trend downward from 6.5 % in 2022 to a current 4.9 %, and continues down by approximately 1.0% per month.
The USA will continue to lead energy development both in the tradition and clean areas. US oil production is rising with a projected average of 12.6 M barrels/day in 2023 verses 11.9 M for 2022. Even with OPEC cuts the US production rates will keep pace to level prices. Clean energy investment is rising and eventually will decouple the free world from OPEC.
A computing hardware shift is in its very early stages. The traditional CPU computing will need to be replaced with APU computing which will provide low energy consumption and ultra fast data processing. The resulting new Gadgets will amaze us all.
The 2nd quarter earnings reports and forward guidance will exceed expectations as the news roll in this July. People are working and wages will be strong - fueling corporate profits and revenue growth.
The USA is the best and strongest democracy in the history of the world. American Ingenuity and capitalism will continue to drive growth for years to come.
The S&P will revisit the highs of 12/21 of 4700 very soon and then accelerate upwards. A very bright future ahead.
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Unger : You’re delusional, have you even read the cpi over the last months? It’s extremely sticky and will probably require an extremely hawkish stance to reduce until it hits the 2%.
BULRUN : Agreed man. Dont think any good will come out if the FOMC meeting. Plus. S&p is hitting its resistance. Expecting an 2% decline in the s&p today
Seraphicall : Rate hike near the end? Are you serious?