Markets touched new all-time highs again this week, which continues to leave people in disbelief. All the way back in June, we correctly predicted the S&P500 would reach $6800 before year end. Our analysis showed that fundamental and technical factors were supportive of this bull market.
There are major push-pull forces at play at the moment. On one side is the AI bubble, which we think is in its infancy rather than near popping. On the other side is the government shutdown, which the market is under-appreciating. Are we setting up for a disastrous outcome? Here’s what the signals are telling us…
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Oracle and circularity
Government shutdown
Two things that worry us
Technicals and our portfolio
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