Tuesday 2 January 2018

An outlook for 2018?

US equity indexes closed broadly higher, sp +22pts at 2695. The two leaders - Trans/R2K, settled higher by a significant 1.9% and 1.0% respectively. VIX settled -10.9% at 9.77. Near term outlook is a little mixed, but broadly... even the mainstream are starting to finally recognise that sp'3K is coming.



2018, an outlook?

2017 settled 9.39pts (0.35%) from my year end target. We also saw 3 rate hikes as I expected.

... but hey, I recognise most of you simply don't really value what I post, so please... here are two suggestions...

For those still holding to a deflationary outlook...


They will spin each story the same way, as though its the imminent end of the world. Go read their comments section. If you enjoy a cesspool of delusion, lies, and outright sick nastiness, Zerohedge has exactly what you need.

For those who want a trailing view from the mainstream....


They'll gleefully highlight targets from BAC, JPM et al, but they'll rarely ever look back, as such targets are always reactive/trailing, and wrong, just like the US Federal reserve.

Good luck with either of those. For those who want balance, you know where I am.