The timing is a little tricky, and I actually do pray that we do NOT get the full 3rd-level circuit breaker. We need to visit 3100, and it would be tragic to close the session out hard like that. It depends on the Thursday close, which, hopefully, is near 3500, to avoid the 20% down climax Friday and market close.
We are then looking at the S&P 500 at 400 in time for the December FOMC. This completes the cycle begun in the halcyon days of Clinton's first term.
2021 has certainly been one for the record books s&p has already hit 55 new all time highs and has set a new all time high in every month of the year. we are now entering the strongest and best 2 month period of the year. this year’s year end rally could be an epic one however i don’t think it’s going to lift s& p to 5,000. we’ll have to wait till 2022.
only 46 more days of punching the clock. so grateful to have stayed the course and fully invested. proof long term investing works. holding mostly (86%) divy stocks. couldn’t have picked a better year for it 2022 can’t come soon enough !!
"US junk-bond yields are under pressure from renewed inflation concerns, and had their biggest weekly jump in six months to close at 4.23% on Friday. Yields have risen for all junk-bond rated debt, with BB yields up the most in six months to close at 3.17% while single B yields rose the most in eight months to 4.66%. The asset class last month posted its first back-to-back decline on a total return basis since the pandemic shuttered the U.S. economy in 2020, data compiled by Bloomberg show."--Bloomberg 11/15/2021
8 comments:
The timing is a little tricky, and I actually do pray that we do NOT get the full 3rd-level circuit breaker. We need to visit 3100, and it would be tragic to close the session out hard like that. It depends on the Thursday close, which, hopefully, is near 3500, to avoid the 20% down climax Friday and market close.
We are then looking at the S&P 500 at 400 in time for the December FOMC. This completes the cycle begun in the halcyon days of Clinton's first term.
Dark Winter.
Throw a chart up if you don't mind when you get a chance.
I love your charts.
Dang, Jerome went short?
Do you talk to GOD to get this info?
2021 has certainly been one for the record books s&p has already hit 55 new all time highs and has set a new all time high in every month of the year. we are now entering the strongest and best 2 month period of the year. this year’s year end rally could be an epic one however i don’t think it’s going to lift s& p to 5,000. we’ll have to wait till 2022.
only 46 more days of punching the clock. so grateful to have stayed the course and fully invested. proof long term investing works. holding mostly (86%) divy stocks. couldn’t have picked a better year for it 2022 can’t come soon enough !!
ding….
T.Berry said...
so for 2021, my targets will once again be on the conservative side much like they have been over the past 5 years.
Dow 36,500
S&p 4,300
Nas 15,500
January 7, 2021 at 6:37 AM Delete
"US junk-bond yields are under pressure from renewed inflation concerns, and had their biggest weekly jump in six months to close at 4.23% on Friday. Yields have risen for all junk-bond rated debt, with BB yields up the most in six months to close at 3.17% while single B yields rose the most in eight months to 4.66%. The asset class last month posted its first back-to-back decline on a total return basis since the pandemic shuttered the U.S. economy in 2020, data compiled by Bloomberg show."--Bloomberg 11/15/2021
As Christian has not appeared:
I declare the big deflation opened!
Saludos
el mar
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