Market Musings
The past week may have seen the beginning
of the end for the Trump effect on the stock market.
After making new record highs for most of
the indices, the results of the past week could have been the
high-water mark for the market.
Despite the events in the middle East, the
outlook for global peace continues to show many potential flash
points that could propel the world into WW3.
As Trump tries to organize his
administration, several RINO's are dragging their feet.
The economy is facing stronger headwinds as the auto industry
can not sell cars either gas or battery powered.
Employment is increasing in government jobs while private jobs
are going to non-US citizens.
Government job growth continues to grow while private jobs
decline.
The STI (Simple Timing Indicator) which is the number of "A"
rated stocks in the IBD database moved lower this week.
Do not forget that about 22% of the stock markets value is held
by only 7 stocks ... danger ahead?
Do not be surprised if the NASDAQ falls through 8,000, the SPX
to 2,500 and the
DJIA sees the 25,000 level.
Remember -- "Only purchasing power counts!"
By any reasonable measure, this market is
dangerous.
Be careful ....
To review the 12/13/2024 FlowChart, click
here.
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