The Market: Mind the Gaps, Please

Discussion

As outlined by Bob Elliott in a much more timely and thoughtful manner than myself, the 6-12 month outlook for the S&P 500 is crystal clear. Bob outlined what I’ve been writing and talking about since July 2022 when the Fed committed to not repeating the “stop and go” policy error of the Burns Fed in the 1970s - his timing is *just* better.

The 3-month outlook for SPX is a bit murky because it depends heavily on the direction of interest rates.