sp'daily5
Summary
Well, we're already into mid May, and markets remain broadly bullish.
With the PBOC (people's bank of China) cutting rates for the third time this year, -25bps to 5.1%, Asia markets are getting an extra kick higher.
It would seem the Shanghai comp' recently floored in the 4100s, and is now on a straight run to challenge the giant 5K threshold. Considering the price action of the past year, 5K by late June is actually viable, although clearly more likely in July/August.
-
As for the US market, sp'2140s remain a valid target in the immediate term.
---
Doom chat, Hunter with Williams
Dare I suggest that Williams remains stuck on the same mis-guided crazy train as he has done since before the 2008 crash. Its the same old 'dollar collapse, hyperinflation, Gold/Silver is insurance against inflation' mantra.
As ever... make of that... what you will.
--
Have a good week