Another magical week that SPX recovered from the “mini-dip” and pushed higher to near all-time-high again. How far will it go?
From what I gathered, Fed and its peers have been very busy “saving the world” by printing infinitely more money almost every other week to keep the global financial system from breaking down. It is quite a spectacular thing to watch in real-time. Since they will continue to do the same until it does not work, so as long as no world shattering event happening, this pattern of slow grind up with mini-crash will continue.
So what event can disrupt the central banks’ effort?
First, Russia can cancel Christmas for the western countries.
Second, our Sun can fry Earth into dark ages anytime now.
Third, the only thing that keeps the US economy going is government spending. Trump plans to cut it …
Or, the latest round of disclosures of UFOs can be the start of even more explosive events like all out alien invasion.
Should we worry about our future? I think we should.
Until something happens, however, life goes on here on Earth and we just have to keep grinding.
Have a great weekend all!