Mirhaydari: Dow 20,000 Party Won’t Last

“[T]here are reasons to be cautious.”

[Relays warnings by Sam Stovall at S&P, Andrew Garthwaite at Credit Suisse, and David Rosenberg at Gluskin Sheff.]

“[U]nder Presidents Ronald Reagan, George H.W. Bush and George W. Bush, the Fed was tightening policy early in their first terms or had just completed tightening campaigns, resulting in economic weakness and stock market declines.

“By this metric alone, stocks look set for a difficult path under Trump. …

“Put simply: Unless Trump can convince Fed Chair Janet Yellen to ease up on the rate hikes — or replace her with someone more cooperative — the bull market could soon end.”

— Excerpt contributed by Jason Kelly

_____________________________________

Z-val: Anthony Mirhaydari
Via: The Fiscal Times
Date: 1/25/17
Disposition: Medium-Term Bearish
S&P 500 on 1/25/17: 2298
S&P 500 on 7/25/17: TBD
Change: TBD
Judgment: TBD

Z-val definition and more forecasts in The Z-val Zone.

Mirhaydari

Scorecard

This Forecast

Accuracy

of 2

Judged

Forecasts

Created with Snap
This entry was posted in Z-vals and tagged . Bookmark the permalink. Both comments and trackbacks are currently closed.


  • Included with Your Subscription:



    $200/year
    Save 17%



    $20/month
    Pay as you go
    Or sign up to receive free email and learn more about the system.
Bestselling Financial Author