21 January 2016

SP 500 and NDX Futures Daily Charts - Hanging On

Stocks were wobbly once again, as the international markets remain jittery, and there are indications out of Europe of problems in the banking sector once again.

The markets are trying to stabilize and find a footing in the US.

Let's see if they can do it.

I doubt very much that the Fed will be raising rates again anytime soon. The first raise was a calculated risk for the reasons that I outlined when I forecast it. To do it again in this environment would be reckless.

Have a pleasant evening.