America Institutions are now buffering the S&P from trade wars
Weather its stock buybacks, positive earnings, falling interest rates or an agreed hidden policy to buffer the US markets from trade war effects, the S&P ain't going nowhere but UP from here. Heading for more than a year of a sideways movement (since Oct18) demonstrates the collective the iron fist of action that is now taking place to ensure the inevitable rise of the S&P.
The average price over the last 50 years compounds at 7% and has a median price of 2800 for June 2019 and 3100 at June 2020. The likelyhood to break to the up side is growing. There is just too much potential on the horizon with the available efficiencies through technological change - electric vehicles, green energy, cloud and work re-organisation and the need for change will only be driven harder and faster with with the climate concerns.
This is a huge bullish chart with the repeated support at these levels. It will move soon, so buy before the inevitable at what is a very reasonable price.
The average price over the last 50 years compounds at 7% and has a median price of 2800 for June 2019 and 3100 at June 2020. The likelyhood to break to the up side is growing. There is just too much potential on the horizon with the available efficiencies through technological change - electric vehicles, green energy, cloud and work re-organisation and the need for change will only be driven harder and faster with with the climate concerns.
This is a huge bullish chart with the repeated support at these levels. It will move soon, so buy before the inevitable at what is a very reasonable price.