Here is my tweet from a few minutes ago. Kind of tongue in cheek but as all of you readers can attest to, there has not been much interest in real research as the funny farm has taken over the markets.
Interest rates did bottom in the last half of 2019 as expected but I don’t think they will go much higher. The ten year might go above 2.0 but not that much. On the other hand, negative rates are off the table in the next asset meltdown.
I would not be surprised to see Gold double over the next 12 months.
As to the S&P, 1050 still sits out there as the coming long cycle low. That is down 68 percent from today’s highs.
The Killing Field