S&P 500 & Nasdaq Analysis and Trends

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Our Targets on the Dow for 2024
By: Marty Armstrong | May 17, 2024

We have reached our first MID-RANGE target for the Dow in this bull market, and it appears that the vast majority remain totally ignorant of what is truly behind it. For the life of me, I do not understand why people never just look at the trends to see if what they are reporting is valid. I guess it's like polls in California, where people are so brainwashed that they believe men can become pregnant. Here we have the standard explanation of the rally that traders are looking at signs, as reported by Reuters, "of U.S. disinflation resuming and the wider economy cooling all stoked hopes that Federal Reserve interest rate cuts are indeed coming - with annual corporate profit growth and year-to-date stock index gains revving up into double digits." Yet just look, interest rates doubled between 1927 and 1929, and so did the stock market.

Interest rates began to rise when Trump took office. The stock market rallied, and they called it the Trump Rally. They lowered rates thanks to the insane COVID Lockdowns that destroyed the economy and created shortages that produced inflation that the Fed has still been forced to confront...

The plain truth is that where there is that our targets here in 2024 are:

40825.47 and 44300.58

We have to be concerned that a KNEE-JERK Reaction can occur first with the prospect of war. This is the danger as we head into June. Thereafter, as war are the debt crisis merge together, then the shift from PUBLIC to PRIVATE will unfold.

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