Daily trend expectations based on ranged forecasts:
Daily: Positive
Weekly: Positive
Monthly: Flat
Quarterly: Negative
Annually: Flat
Under typical circumstances, I’d invest in the S&P 500 index given this forecast. However, a forecast with assumptions of increased 50% recession risk suggests a different story.
Weekly: Negative
Monthly: Negative
Due to the weekly forecast being negative, I’m staying cautious and staying uninvested. This was close to a day where I pulled the trigger to invest. Tariffs and now Iran amount to a lot of business uncertainty and market volatility. I’m just making the statement from an attempt to make money standpoint, not a political value judgment. Invest at your own risk.