Indexes – where to from here?
Hi guys, thanks again for the daily views and the effort which goes into it. While I appreciate you prefer to stick with stock selection, I trade cfd index when short of time to keep a finger in the pie. Can I get your updated views on a few indexes please? FTSE - With the election being over by the time you reply, how do you see the index tracking with the new Government? Dow 30 - Has largely under-performed the other U.S indexes. I've stayed out of the Nasdaq for sometime expecting a good pull back and a transition of funds to other sectors. It's pretty clear I got this one wrong. Do you expect it'll be hitting all time highs this year, or $40k? ASX200 - I had been targeting $8050 as my first target and $8180 as the top. Its looking like these maybe a little stretched now after the recent inflation / economic releases. Do you still think there may be a chance we hit them this month. Nasdaq - My favourite, although I've been out for many months now and missed all the exciting returns. I've really thought it'd have to have a good pull back and now very reluctant to enter at these levels and not entering with FOMO. Seeing as this has been driven really only by a few companies, how much could it pull bad with the first poor result. I've been waiting for a good 20%+ correction. How stretched are valuation and breadth across the index? Regards Simon
