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May 25, 2017

General Market Commentary 5-25-2017 (Video)

By EconMatters


We discuss the major markets in this general market commentary video covering stocks and bonds all the way to copper and gold markets. Now that the shorts have been squeezed, what`s next for equities? I don`t really expect much more out of this move as there just isn`t any more fuel to take the S&P 500 much higher than 2425 at the highest, and we may already have put in the high today at 2417.75, and start moving lower in front of a certain rate hike next month at the June FOMC Meeting. We sure didn`t blow through 2400 prices like we blew through 2300 prices, so even the bulls know they are in rarefied air way up here at these levels. Expect hawkish comments out of the ECB, FOMC, BOE and BOJ over the next two months to put a damper on "irrational exuberance" in equities.



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Item Reviewed: General Market Commentary 5-25-2017 (Video) Rating: 5 Reviewed By: EconMatters