FOR LV
And now for the MAGA, MAGA Bullish case
Jim had alluded to it once awhile back but was afraid to make the call
BUT if you view this chart as a stock instead of the S&P, you could make the case
And if TAX reform actually gets done...oh the possibilities lol
From 1982 to 2000 markets had an incredible run with only a correction in 1987
That's almost a 20 year bull run
If the flag flies at half mast, well this run has a lot more to go
Also, for those looking at ranges, this range breakout that happened in July 2013
measures well over SP3k
And S&P is rising steadily in that channel off 2009 lows
S&P monthly chart
I agree with the projection of the snp over 3k during this bull market. Tax cuts will make it happen faster. That said, the decrease in central banks liquidity is a huge concern. Will the tax cuts offset the cb liquidity? Maybe it will. But i still expect a pretty big decline of about 100 points on the snp likely to happen sooner than later if congress doesn't pass a spending bill.