Saturday, 28 February 2015

A powerful net monthly gain

US equities saw powerful net monthly gains in February. The sp'500 climbed 109pts (5.5%), with a new historic high of 2119. The Dow soared 967pts (5.6%), with a new high of 18244. The broader outlook remains starkly bullish.

sp'500, monthly

Dow, monthly


It has been a particularly difficult and tedious week. Despite net daily declines across Wed, Thurs, and into the Friday close... price action has been very subdued.

It remains a very complacent market.. but then... Mr Market is well aware that the ECB QE-pomo train will arrive in the EU sometime in March. That will be a hugely bullish underpinning to most world equity markets until late 2016.

There is simply ZERO reason why the market can't keep on climbing for another two years.

On that hyper-bullish note...       Goodnight from London

*the weekend update will be on the World monthly indexes