This article deserves a shout out - the US market is about to have a very strong and prolonged rebound!
The Stock Market Is Poised to Go Crazy If Warsh Gives the Green Light, These Strategists Say
The research service Citrini says the S&P 500 can clear 8,000 before any worries emerge. The research service Citrini just authored a note sharing that upbeat undertone. A new Substack post from the Citrini team, led by James van Geelen, says there's a scenario where, in their words, the "market could go absolutely insane," which they quantify by meaning the S&P 500 rising another 10% to 15% and AI names doubling in value. Even without losing sanity, they say the S&P 500 SPX will reach 8,000 before any worries meaningfully threaten the cycle.Now, it appears that the Strait of Hormuz may finally reopen. But that won't be seen in the data right away. "There will still be indirect, lagging inflationary ripple effects on different timeframes. June and July may be hot for reasons that were set in motion before Memorial Day. We are naming this dynamic the Echo Shock: measured inflation peaking just as actual pricing pressure at the source reverses," they say.
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