US equity markets were just given a massive word of support from Mr Jeff Saut, who expects said markets to break to new highs. He is the Chief Investment Strategist for Raymond James, a US financial firm. Saut, who has been using a group of special indicators for almost a half century, believes there is little chance stocks will retreat from the record highs. He uses several key matrix to make these bold market calls. He says there will be fewer disappointing quarterly earnings results as a near-term bullish driver. He feels that the S&P 500 will rally to the 3,000 level by end of 2019 and that the market will drive higher with little getting in its way.
We at Classiarius have been bearish, especially in March 2019. The move higher and the changes by the Central Bank and of course earnings, labor releases that show continued strength and of course US and China GDP forecasts – these are all indicators of a robust market to come. So we now agree with Mr Saut and his bullish call.