109 trading days since the S&P futures has had a pull-back of 5% or more and on current trend, is it unlikely abate. Analyst estimates which suggest second...

109 trading days since the S&P futures has had a pull-back of 5% or more and on current trend, is it unlikely abate. Analyst estimates which suggest second quarter numbers from the US could collectively see double digit growth for the first time post the GFC. This all feeds into the theories that the US markets are likely to grinder higher still. This is despite the fact that we are now starting to see more speculation about the future of the federal funds rate and the 'move higher'. Bringing forward their expectations on the fed funds rate is Goldman Sachs moving their expectations of the first move higher to the third quarter of 2015 from the first quarter of 2016. This is a substantial move forward in time. However, it is still 12+ months away, and with the rate still sub -0.25% credit spending and corporate expansion can continue relatively unabated. (VIEW LINK)


Evan Lucas
Market Strategist
IG

Evan joined us from RBS Morgans and has been working in financial markets and the banking sector for over four years. He started his career in Amsterdam with the former ABN AMRO, transferred to The Royal Bank of Scotland and then moved back to...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.