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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

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* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2024***
* Wed. June 12 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. July 31 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Sept. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Thurs. Nov. 7 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Dec. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Tuesday, December 26, 2023

2024 MARKET FORECAST: 'Black Swan Event' In 2024 It Is Then...

Perhaps this CBS news reporter's prediction of a 'Black Swan Event' for 2024 is not so far off...either when it comes to U.S. national security, or in the stock markets...especially when one considers the reluctance of traders/investors to convincingly push markets above the December 2021 high for the past two years, as shown on the following monthly S&P 500 Index (SPX) chart.


Perhaps such reluctance stems from Joe Biden's epic multiple failures as a leader since he became President in January of 2021, about which I've written extensively...some of these include:


CONCLUSIONS:

As I hypothesized in my 2023 Market Forecast, and, as long as Joe Biden remains President, I think we'll see more whipsaw, volatile moves occur in all markets in 2024, until such a 'Black Swan event' does occur...particularly since it's a presidential election year and each one has become more contentious and controversial. 

Furthermore, this article highlights the extreme importance of this election, inasmuch as global instability is at stake. 

N.B. By the way, add to this, the damning Special Counsel's conclusions and report (released to the public on February 8, 2024) -- where he highlighted President Biden's mental unfitness to stand trial for his willful and unlawful retention and disclosure of classified materials when he was a private citizen during his post Vice-Presidency -- and you have a recipe for a global disaster as long as he remains President.

Any push to new highs may be met with a swift retreat to new lows...possibly to retest 3200, or lower.

HAPPY NEW YEAR AND BEST OF LUCK IN 2024!

* UPDATE March 21, 2024...

It seems like market players have refused to entirely release their grip, so far, on the 'greed' and 'delusion' segment of the Perpetual Stock Market Cycle, as noted in the following monthly comparison chart of the SPX and BITCOIN.

Keep an eye on the near-vertical rise of both of these...which one will topple first?


And, with Democrats continuing to plow forward with their far-left economically-destructive Green New Deal, about which I warned 5 years ago in this post, it's only a matter of time before either one, or both, topple from their lofty heights.


N.B. Even politically-centrist Elon Musk's views are now accused of being right-wing by these extreme far-left Democrats, as described in this article...common sense is foreign to them.

And, the (sensible) meek shall regain control...eventually...


😏