The S&P500-0.05% , as viewed from the world by adjusting the S&P500-0.05% by the US Dollar-0.08% , had its 4th BEAR MARKET since the peak in 1999. I said "HAD" because the current rally has broken the 50% speed line of the decline, which is a simple way to measure the end of any trend.
The world may not exactly look at the market this way, but since the DXY-0.08% is a trade-weighted US Dollar-0.08% , it at least captures a sense of what our wealthiest trading partners are experiencing when they are watching the US stock market move up and down.
If you note each time the 50% speed line is breached, that there is at least a correction of some kind but I think it is safe to say that the low we made in the 1st quarter of 2016 was a meaningful low and it brought out a lot of bears and fear-mongers.
Please visit my other forecasts, particularly the one where I gave a long list of reasons for the market to be bottoming right when it was back in February. I hope you enjoy it and I look forward to your comments.
Tim West
March 17, 2016 10:18PM EST
The world may not exactly look at the market this way, but since the DXY-0.08% is a trade-weighted US Dollar-0.08% , it at least captures a sense of what our wealthiest trading partners are experiencing when they are watching the US stock market move up and down.
If you note each time the 50% speed line is breached, that there is at least a correction of some kind but I think it is safe to say that the low we made in the 1st quarter of 2016 was a meaningful low and it brought out a lot of bears and fear-mongers.
Please visit my other forecasts, particularly the one where I gave a long list of reasons for the market to be bottoming right when it was back in February. I hope you enjoy it and I look forward to your comments.
Tim West
March 17, 2016 10:18PM EST
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Still holding up.
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