The Stock Market Is Rallying Because 'Fear Has Left the Building.' Here's the Danger
Investor Optimism at More Than 4-Year High, BofA Survey Says
Nasdaq Futures (NQ) Favoring Upside Due to Five Swing Elliott Wave Sequence
Goldman Sachs remains bullish on US stocks: overall environment favorable for risk assets by the end of the year!
①Goldman Sachs analyst said that due to the risk preference sentiment supported by the economy, investors should favor stocks over bonds; ②The analyst stated that as long as the economy avoids recession, Fed rate cuts often support risks.
Bull market in US stocks is not over! UBS Group is bullish: s&p 500 is expected to rise to 6400 points by the end of next year.
①Ubs Group's global research raised the year-end target price of the s&p 500 index from the previous estimate of 5600 points to 5850 points on Tuesday, citing corporate profit growth, favorable macroeconomic conditions, and rate cuts by the Federal Reserve; ②Ubs Group also raised the target price of the s&p 500 index at the end of 2025 from the previous estimate of 6000 points to 6400 points.
10/16 [Strength and Weakness Materials]
[Bullish and bearish factors] Bullish factors: Nikkei Average is rising (39,910.55, +304.75), while US long-term interest rates are falling. Expectations for easing inflation in the USA, active share buybacks, and requests from the Tokyo Stock Exchange to improve corporate value. Bearish factors: NY Dow Jones Industrial Average is falling (42,740.42, -324.80), Nasdaq Composite Index is falling (18,315.59, -187.10), 1 dollar = 149.20-30 yen, Chicago Nikkei futures are falling (38,955, Osaka comparison -955), and SOX index is falling (5,145.2).
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