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Interest Rate Spike Could Derail the Equity Buying Binge “The economy is on the mend and vaccine distribution is improving which provides the back drop supporting the buy-the-dip mentality no matter how shallow. Please share this article - Go to very top of page, right hand side, for social media buttons. "There is no doubt that the bull market that began in March 2020 after a 35% plunge has evolved into a speculative binge that has further to run. The expectation was that the S&P 500 would experience a sharp decline that would bring it down to 3550 before a subsequent rally took the S&P 50...

Macro Tides Monthly Report 03 January 2021 Economists are forecasting a strong rebound in 2021 especially in the second half of the year. By the end of 2021 economists expect S&P 500 earnings to climb to $170.00 from $140.00 in 2020 and $161.00 in 2019. Much of this forecast is dependent on the speed of vaccinations and how quickly the American consumer can return to their ‘normal’ spending habits. With the S&P 500 trading above 3700, it is sporting a forward P/E of 22.00 which is the second most expensive level since 1929. Investors are completely onboard assuming that vaccinations will ...