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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius

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Friday, December 27, 2019

2019 draws to an end - what's the state of play?

OK, 2019 draws to an end - and markets are still in bull mode - now the bull has been running for over 10 years - is it about to run out of energy?

The usual suspects are still pushing -
Low rates - forces investors to seek returns in riskier assets - (equities etc)
Election year in the USA (2020)
China trade - (a deal! - BIG deal?)
Brexit on way to completion? (positive? )
Here's a video of our current PM - showing how "eloquent" he is





Looking at the charts
Starting with a look at the Fear and Greed index overlaid on the Dow Jones Industrial average. (can be found HERE)

At the moment it looks like we are in Extreme greed mode - probably some caution warranted into the New Year -
Below is NDX 100 with same overlay but on the weekly chart



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