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Saturday, May 18, 2024 9:10:53 AM
By: Marty Armstrong | May 18, 2024
Our two precise targets here in 2024 were 40825.47 and 44300.58. We can see that since the Dow did NOT peak precisely on May 7th, that is the GOOD NEWS. Otherwise, that would have warned of a decline of 4 to 5 years to come, which really did not make sense given the prospects for the combination of war and the Sovereign Debt Crisis.
There is no question that 2024 was a Directional Change and we still see higher volatility into 2025. Yes, one would expect commercial real estate to crash with higher interest rates and the damage done to this sector thanks to the COVID lockdowns...
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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