Summary: After the Fed Reserve Meeting of June may likely make stocks go up, the Tactical, Stock Market Internals, Economic and the S&P Earnings may all be heading downward.
While on SeekingAlpha report ("S&P 500's Earnings for 1st Q 2016 (6/1/16); Tactical, Economic, S&P Earnings and Stock Market Internals Will Lead Stock Markets") the Tactical and Stock Market Internals may advance stocks while Economic and the S&P 500 Earnings may likely slow it down. However, at this point, Tactical, Stock Market Internals, Economic and the S&P Earnings may all be heading downward.
Tactical: Tactical is the "short-term" stock markets' movement. However, "easy money" may have caused 10-year government interest rates to go below the inflation rate. This mean that "easy money" for the central banks may not improve the conditions of borrowers (beggar thy neighbors). Germany and Switzerland have negative interest rates equally to -.08
Economic: The World Bank trimmed its global growth outlook because of sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade and diminishing capital flows. The global economy is forecast to grow 2.4% this year instead of the 2.9% projected in January according to the June Global Economic Prospects report released Wednesday. The growth outlook for the next year was trimmed to 2.8% from 3.1%.
There are no clear signs that the UK will break with the EU on June 23th (Brexit).
Stock Markets Internals: On the Stock Market Internals, we are seeing "Squeeze" may likely go negative (NASDAQ:BLUE), the "MACD" may likely see the longer one (26 days) go above the short one (12 days), "AdvanceDecline" is going down (12,708 to 10,141) and the "ImpVolatilty" may be going up (.1331 to .1666).
This is a caution time.
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