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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.
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***2024***
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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!