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Published on Sep 21, 2016
The
S&P 500 initially tried to rally during the course the day but as
you can see we ended up forming a be shooting star, however I should
admit that this is before the FOMC Statement. With that being the case, I
think that the market longer-term still continues to go higher, and a
pullback from here will more than likely find buyers below. This is
because we have seen such a large move higher, and quite frankly the
markets already expect the Federal Reserve to do almost nothing. With
this being the case, any type of pullback will more than likely be
looked at as value that you can take advantage of because quite frankly
the Federal Reserve is probably only looking at one interest-rate hike
anytime soon, and it certainly is in coming now. With this, the low
interest-rate environment should continue to be a propellant for markets
to go higher.
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