To The Moon

With markets still cautious about the pace of the Fed's rate cut schedule this year and when it will be able to achieve its 2 percent inflation target, Treasury rates surged on Monday and major U.S. stock indexes were mixed. Trump Media plunged after reporting losses last year. Microsoft snapped a five-game losing streak. Micron is up more than 5%. Alphabet hits record high. Overall, investors remain cautiously bearish on the S&P 500 future market, but individual bullish forces have not completely left the field. There may be profit-taking in technology stocks.Overall volume of S&P 500 options shows that bearish sentiment prevails. Put open interest continues to grow, far outpacing call options.The second new call is the April 19 585 forward call, which is mainly a buy open positio

[Sly] [Sly]

It’s that time of the year and I don’t mean “Christmas”. :-p Rather it’s that time of the year where Wall Street’s top strategists inform clients where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the $S&P 500(.SPX)$ climbing by about 10%, which is in line with historical averages. This year, strategists are offering a pretty wide range of views. Some see weakness. Some see strength. The targets range from 4,200 to 5,500, implying returns between -8.5% and +19.7% based on Fri, 01 Dec 2023’s closing. For what it’s worth, the forecasts are not as skewed to the downside as they were in 2022. Caution ! Before proceeding, please remember to take the predictions with a pinch of salt. Do