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S&P 500 (SPX)

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5,010.60
+43.37(+0.87%)
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S&P 500 Discussions

Same forecast from 5 years ago. macro view unchanged. In a transition period where corporate costs will cause earnings pressure. Economically speaking we will see acceleration in next 6 months but earnings are lagging and expectations way too high. Consumers will do well in next 2 to 3 years. Expecting, but not necessarily going to happen, a 20 percent correction this year. A shoe in for a BIG move after, assuming we get that correction. 2019/2020 end of MEGA BULL. Current action: Need to see a break above 2405 in next week or so. if not we could be seeing the start of 6 month correction.
gary...APRIL 28TH..DEBT CEILING=5-15% DROP
2400..cant happen before APRIL 28th debt ceiling meeting
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