It is crazy to think that the SP500 is currently at an all-time high, especially when you see the fragility of other markets and economies, central banks have really done a great job with global indices. Is this the unintended consequences of printing astronomical volumes of cash, we all know this action benefits the rich and wealthy with top executive pay going through the roof once more, what is left is the hope that some of that wealth trickles down, if this is the case the trickle is very slow indeed.
Apparently, we are all better off now since the 2008 crash, employment is lowering all the time or that is what we are told, however, it is improving with some warning signs, the quality of the jobs seems to be poor with low pay, which is really not what anyone wants, especially with today’s very expensive cost of living. You just hope that the powers that be know what they are doing, so let’s take a look at the price action:
How much higher will they climb? Are the other major indices going to follow suit? It is hard to imagine that the FTSE100 is only 300 points off all-time highs after all that has happened with Brexit and Cameron and yet we see the FTSE climb quite spectacularly:
The thing is, from a Retail Trading perspective volatile markets lends its-self to some profitable trading if you know what you are doing of course, because so many retail traders really do not how to capture these moves in the markets. If you would like to learn how to trade you are welcome to join us on one of our 3 week trading courses, they are delivered by high profile names from the trading world and are completely FREE of charge.
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