Market On Open, Monday 22 September
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Read our full disclaimer, here.
Eyes On Year End
by Alex King, CEO, Cestrian Capital Research, Inc
We have a few days left of Q3, during which time the market has to digest a huge run up of late and in particular it has to decide what it thinks of the Fed rate cut last week. So far the S&P is up around 12-13% for the year which is unremarkable for a bull market. The sentiment that says “sure this rally has to take a breather soon” arises from the brain anchoring the April lows as time=0. If the brain focused on January 1 as time=0 then it wouldn’t fall prey to rising fear; instead it would say, well, not much of a bull so far in 2025, probably there is more to come.
And that in short is our house view. Yes, there will be pullbacks and yes, one is overdue, but under this most pro-market of Administrations I would expect yet more upside still.
Now let’s get to work with our daily market analysis. Available every day to our Inner Circle members. We cover the S&P500, the Nasdaq-100, the Dow, tech, semiconductor, Ether, bonds, oil and volatility.
Alex King