- SP500 +0,5%
- DJIA +0,66%
- NASDAQ +0,76%
Why is this rally? Because the US fundamentals are great, the economic outlook is absolutely positive:
- US GDP growing massively
- 2 million new job was created
- Unemployment rate is falling quarter by quarter
- US interest rates are in historical low levels
The only option for the markets is going up.
Tapering concerns? Nobody cares about tapering anymore. It is already priced in - the full tapering by 2015.
European and emerging markets also did well in the last two days. Optimism is all around us.
As we forecasted yesterday the SP500 close above the support of 1.845. Now might be some correction day with a back testing of this level and tomorrow or Monday the rally goes on.
The BFM Assets Team.
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