In 2024, the US stock market has repeatedly reached new highs. What are the key catalysts?
Gold once again points to a new high, where is the bull's target? US oil returns to the downward channel, trend line support may play a role; this week's European Central Bank meeting is limited to the euro? There is still a lot of room for correction in the pound...
A major "roadblock" is preventing gold from reaching a new high. It is extremely unwise to short gold now? CTA selling may drag down silver; the oil market is going short on a large scale, this factor is worth noting...
On August 17, spot gold continued to rise, setting a new record high to $2504.16/ounce.
The S & P 500 could hit new highs, but JPMorgan's Marko Kolanovic said the index could fall in the coming months amid headwinds such as a slowing economy and lower earnings revisions. The chief market strategist at JPMorgan and his team said in their mid-year outlook on Friday that the index was set to fall to 4,200 by the end of the year, down about 23 percent from Thursday's close of 5,483. The core PCE index broke through the 5,500 mark in early trading on Friday after the release. Kolanovic'...