Tag: 1950 baseline
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Where is the market headed?
The markets are behaving, with the S&P500 consolidating around the expected baseline of 1950. (See previous article Sep’15: S&P500 resets from 2100 to 1950 ) I suspect the worst isn’t over yet and prices will move lower in the coming weeks or months. Overleveraged Energy/Commodity sectors haven’t capitulated and global trade remains shadowed by overcapacity.…