Despite yesterday's negative news of a higher final interest rate, the markets are rising quite significantly today, it should be added that this is not the first time the market has ignored negative news and risen regardless of the sentiment around it. How do you see this situation? It seems to me that the market is going completely off the rails right now.
It's a big hype. I don't know when it's gonna stop, but I'm on the lookout.
Now it's still on a hype wave. I think the week has to end and maybe the market will rally over the weekend, but I think once the drop finally comes, it'll be in style - first Monday. I would expect more upside tomorrow Friday.
For the next two years the sp500 is expected to grow 11% and 12% so either that will come true or it is too optimistic and valuations have to come down. I have about 65% of the US market in my ETF so hopefully the rest of the world will make up for it ;)
Well, according to PEG, it's definitely not cheap;) https://finviz.com/map.ashx?t=sec&st=peg
I'm getting used to the fact that the market is often about emotions, not data... :)