Morning Report Monday 21st March 2016
Time to keep our finger well & truly on the pulse
Good morning everyone Overview Following from the Weekend Report we have had a few subscribers say to us that they are a touch confused with our view / strategic thoughts over the coming weeks / months, hence this morning’s note hopefully provides some clarity. Firstly looking at the indices: 1. We remain bullish the US S&P500 targeting fresh all-time highs, probably in the 2200 area i.e. ~7% higher.
2. Short term, we expect the S&P500, after an impressive 13% rally over 6 weeks, to correct around 3% prior to resuming the move to anticipated new all-time highs.
3. Importantly, short term views are more prone to error and are only focused by or important to, traders / short term investors.
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