Meanwhile, the stock market’s on a tear. The S&P 500 rose 0.9% for a third straight day of gains, bringing the benchmark roughly 2.5% from its all-time highs. Equities have now fully priced in the direct cost of higher tariffs, according to Bloomberg Intelligence. And with investors in wait-and-see mode ahead of next month’s G-20 meeting, that puts the focus back on the Fed and economic data. For Canaccord Genuity chief market strategist Tony Dwyer, a lower effective Fed funds rate is a crux in the case for equity bulls like himself. He sees the S&P 500 ending the year at 2,950, in line with the median strategist forecast. Who the hell ARE these people? The equities have fully priced in the direct cost of higher tariffs? NO THEY HAVE NOT! What if there are MORE tariffs? And what if China retaliates with more tariffs of their own, which they said they would do, unequivocally? Has THAT been priced in as well? Tony Dwyer sees 2019 ending at 2,950 on the S&P? What the fuck, is that guy on crack? We were just there two weeks ago! So he sees it going up down and sideways and ending where we started 2 weeks ago, by December? Can I have HIS crystal ball, or at least get paid the SIX figure annual salary he gets to spew his frothy nonsensical BULLSHIT? Who ARE these people? What are they building in there?
He forgot to read this: https://www.elitetrader.com/et/thre...soon-at-2925-2930.331727/page-23#post-4859069
I still have my call in... https://www.elitetrader.com/et/threads/the-nq-has-topped-at-7879-50.331981/ If we can get that trade deal signed, we're looking good for a break of that level. If everything goes to pot, we're fuxX0r3Ed.
Why use the word INTELLIGENCE ? It sounds very odd, very out of place, too fake. Perhaps they should use the word OPINION or PROGNOSIS OR GUESSWORK.