S&P 500--Gee, who would have thought that taking off thousands of job killing economy killing regulations and lowering taxes on the middle class (opposite of last 8 years) would actually make stock indices scream higher.
"January, for the purposes of this letter, covers 1/03 - 2/05. This month looks very interesting with 4 potential Planetary Polarity Points. These are planetary events that have the potential to invert the current polarity of the planetary energy.
The rally in the stock market since the election and the hope that Trump's elixir of tax cuts, rollback of regulatory burdens enacted since 2008, and fiscal stimulus, are merely a preamble to higher stock prices and has engendered a surge in optimism.
The December S&P closed at 2135.00 on Tuesday November 8 day session. Futures plunged to 2028.25 on election night and the pundits were screaming with joy as they felt they were right about the market crashing if Hillary lost.
Dividend payouts from S&P 500 companies for the past 12 months amounted to almost 38% of net income, according to FactSet, the most since February 2009. In the second quarter, the dividend payout of 44 companies exceeded their net income, the most in a decade.
As I discussed in the April 25 Weekly Technical Review, the low in February may represent wave 4 of a 5 wave rally from the March 2009 low, since the market was extremely oversold and sentiment was in the dumps.
When describing currencies and financials I use the term, "the best of the least". This is the only explanation for the stock indicies only strength. What is your alternative? Sure you can put $100,000 in a one year CD and make about $300 interest.
-"Astrologically speaking, June looks like a HUGE month for major activity. First, I will discuss Polarity Pivot Points. These are planetary phenomena that have the potential to reverse or invert the apparent potential of planetary energy and hence the projection of a traditional planetary index model.
Right, but for the wrong reason…so far. Our expectation of a sharp decline in global equities while on track due to our view of global economic contraction was "upstaged" by the UK vote to leave the EU. The Dow Jones industrial average closed at 17,399.86, down 611.21 points.