LAST STOCK MARKET LIFT-OFF
(3/20) The FOMC did not raise rates and the majority of FOMC members are looking for 3 rate cuts by Dec. although they dialed back 2025 and 2026 rate cuts. The S & P cash has made a new high on the move and cycle highs dominate into the first week of April. From Elliott wave patterns, if S & P cash 5350 came in, it would complete patterns from the 1932 low, the 2009 low and the 2020 low and that would mean a multiple year top. Cycle lows dominate into at least August and patterns on the S & P suggest that the first place the market will fall will be to 3800. For now there is still a little money to make on the upside if you pick stuff carefully but we are getting to the end of the game of Musical Chairs and a Black Swan event in April could unsettle the market. Will it be France’s call to send in soldiers to Ukraine and pulling Europe in? Will it be more bank failures? Will it be some geocosmic event? The sixty year cycle is hitting here for 2024-25 and it tends to bring more violence and earthquakes and other messes. In 1964, the false flag Gulf of Tonkin event initiated the Viet Nam war. The messes in Haiti and the migrant crisis are enough to cause restless nights. Stay on top of our daily updates with the Fortucast ETF or Financial Timers. We are offering old clients a special 2 week look for 29.95. We had correctly predicted a positive reaction for stocks today for the FOMC and we continue to look for higher gold and oil prices into the summer.
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