The unwavering uptrend in stocks in the last few years may be seeing disruption with the return of volatility in 2018. Institutional and retail investors are looking for various gauges to measure the effect of volatility and how that’s trending in the coming quarters. Most analysts think there may be more upside and opportunities to come this year even with (or perhaps because of) the emergence of geopolitical issues.
We are coming to the next phase of the divergence. I woke up this morning, turned on the box and first commentator I saw said we’ve started the next leg up in the bull market. Some of these people take it for granted the market is going up again. Has anyone noticed the Dow and SPX peaked in January?
A year ago we asked 16 industry experts and MODERN TRADER analysts to provide their forecast for various market sectors in 2017. More than half had a positive outlook on the S&P 500, but only Dan Gramza predicted that the S&P would gain more than 15%. Alan Bush, Joe Cornell, Carl Larry and Tim Melvin all predicted the broad market would gain more than 10% in 2017.
The Cycle Projection Oscillator (CPO) is a technical tool that employs proprietary statistical techniques and complex algorithms to filter multiple cycles from historical data, combines them to obtain cyclical information from price data and then gives a graphical representation of their productive behavior.
Equally loved as it is hated, Google (GOOG), or Alphabet (GOOGL) if you prefer, continues to put up strong fundamentals while in the midst of antitrust challenges and bad PR regarding its diversity standards.