With the stock market near record highs, consumer confidence leaped in August to its highest level since 2000. Arguably, Americans haven’t been this giddy since August 1929, when shares peaked ahead of the 1929 crash. What could possibly go wrong? Shoppers in particular have been feeling so exuberant that they’ve been doing some of their buying at retail stores rather than ordering everything from Amazon. For our part, we’ll be monitoring the Dow and the S&P 500 more closely than ever for signs of a stall at key Hidden Pivot targets. If you stay focused on the lesser charts, as we continue to remind subscribers, you will never,ever miss an important turn. Although it’s possible to make a case for a Dow rally to 35000 if the trade war with China turns into a durable peace, it’s just as reasonable to argue that the bull market, currently in its 113th month, could end at any time without warning.
Consumers, Like Investors, Are Giddy with Confidence
- August 29, 2018, 2:11 pm
Trump creates a situation out of thin air and YOU think it as a sign of bullish moves for years to come if he reverts back to where it was BEFORE he started the mess. NOTHING that Trump has done in trade amounts to anything. I mean nothing. Show me his new policy and compare it to the 25 year old one. ZERO! Smoke and mirrors. I await your analysis between the two. see ya. Crash in September is all hut guaranteed.