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Kup,
Jul 23 17:55 pm
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All Comments by Brian Kelly »Another Compelling Case for Higher Equities [View article]
The fact that the indicator (CFNAI) is still increasing does bode well for a sustainable rally in $SPY, but of course one indicator cannot tell the whole story.
The massive amount of liquidity the Fed has pumped into the system has found its way to the equity market.
On Jul 23 10:53 AM Kup wrote:
> The S&P was higher at the 12 month mark over the 6 month mark
> in only 2 of the 6 periods of that chart, not sure how that translates
> to an assumption of 6 months more of a sustainable rally. Is it
> solely based on the fact the indicator is still increasing?