U.S. Stock Markets just keep going higher and higher! How much higher will they go? I am FORECASTING another 25% higher for U.S. Stocks! The ‘bullish trend’ from the breakout continues, as expected. Breadth has become strong, once again, including a new all-time high on the SPX Advance/Decline line to match the new all-time high for the SPX. My breath thrust index reissued another buy for the SPX on May 31st, 2017!Once the markets wake up and realize that there will be no U.S. trade wars, they will then begin their assent.
THE BIG PICTURE!
The Fourth Industrial Revolution, which will be referred to as ‘Tech Hypergrowth’, will be the enabling attribute of technology’s new central role within the global economy. Through technological innovation and investment, in developing infrastructures, companies are heading into an all new frontier.
Harnessing technology so as to realize undeveloped opportunities is a hallmark of ‘tech hypergrowth’. This approach leads to the now quite familiar phenomenon of innovation. Tech Hypergrowth Companies are employing both existing and recently developed infrastructures for growth. These new opportunities lie in ongoing and recent technology shifts, industry transformations and demographic and societal changes. Research indicates that ‘tech hypergrowth’ companies are highly data-driven and that data is enabled to adjust the fit between the technology, the business and its’ customers.
‘Emergency Stimulus’ Is Now Permanent!
Last Friday, June 2nd, 2017’s Jobs Report supported the number of new jobs that are now expected. If the economy continues to contract, the Fed, in alliance with the Trump Administration, will increase their money printing which will, in turn, push gold higher. This explains why gold prices rallied in response to the disappointing jobs report.There is NO market crash on the horizon. In last weeks’ article, May 26th,2017, I wrote (that)“When short-term sentiment becomes pessimistic, it creates a new ENTRY SIGNAL to re-enter the SPX long! This is exactly what occurred on May 25th, 2017”. We still remain extremely bullish with a stop/loss at 2400. There is major support at the 2400 level. This level used to be strong resistance, then became a major support in the May 2017 breakout.
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