The "Trump Bump" Was in the Cards LONG Before Trump
How to breach limitations of conventional market forecasting
By Elliott Wave International[Editor's Note: The text version of the story is below.]
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It's been a tough time for the stock market bears.
You just have to look at these recent headlines:
- U.S. stock futures hit fresh highs (Marketwatch, Feb. 20)
- Stocks post best winning streak in 25 years (CNN Money, Feb. 16)
- Stocks Continue Record-Breaking Run (Nasdaq.com, Feb. 15)
The CEO of Fairfax Financial ... announced that he is covering his firm's equity hedges after suffering a $1.1 billion net loss on its investments in Q4, and $1.2 billion for all of 2016.
But the financial pain hardly ends there. Look at this chart with comments from the Wall Street Journal (Feb. 16):
It is the buzz of Wall Street: a five-day, 15% plunge in a U.S. mutual fund whose bearish bets were undone by the S&P 500's latest run to fresh records.
Much of the post-US election rally in the stock market has been attributed to President Donald Trump's promises for tax cuts and deregulation.
Our just-published February Elliott Wave Theorist reviews several charts we published early in 2016. Here's one of those charts along with commentary from the new Elliott Wave Theorist:
The January and February 2016 issues of The Elliott Wave Theorist, written as stocks were plunging in highly volatile fashion, called for a bottom and labeled the stock indexes as having finished A, B and C of wave (4), a corrective formation dating back to the high of 2015.
Get the Free Elliott Wave TutorialLearn how you can apply the Wave Principle to improve your trading and investing in this free 10-lesson tutorial. You'll learn:
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