Our FEATURE today focuses on the US stock market since there was a substantial rally in all the indices at the end of last week. From early October when the markets reached all-time highs we've experienced incredible volatility. By the end of October all the US markets experienced a major sell-off over 10%. A rally ensued in early November that reached close to the all-time highs only to experience another sharp decline to near its' October bottom. An almost perfect DOUBLE BOTTOM (DB) was reached setting up a critical phase on a technical basis. Last week's sharp rally avoided a breach of the DB and now the indices are targeting a TRIPLE TOP! We discuss what caused the rally? Is it sustainable? And, do the fundamentals signal further gains or a crash? Other topics include:The BUY NOW mantra, A bonafide rally and a bonafide bust, Fed fears debt risks, The gold short covering rally, The plan to destroy the US dollar by 12/31/18, German police raid Duetsche Bank & FBI raids The Clinton Foundation, Jack Ma is a Commie, Apple monopoly case hits SCOTUS,The UN Migration Plan,Soros leaves Turkey, Conservatism Isn't Dead Yet, and It's Not The Economy Stupid.
"Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."