Well before we heading off….. the triple witching in the US and the Fed announcement (same expiry date for options, future contracts and index options) conspire to give a target for end of year around 1,850 for the SP500 and 5,500 for the battered ASX.
This rally will probably end (or better we will have to reconvene and analyse) in March with SP500 at 1,900 and the ASX around 5,600.
Merry Christmas and happy holidays!
investorpolitico 