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Will the US Monetary Base (AMB) be the catalyst for an S&P500 correction? I have been focusing my attention on increasing US interest rates to predict the next...

Nicholas Forsyth

Market Matters

Will the US Monetary Base (AMB) be the catalyst for an S&P500 correction? I have been focusing my attention on increasing US interest rates to predict the next 10% correction for US equities. It's been over 3 years now! US interest rates are moving higher, taking the $US with it and pushing gold and the $A lower - we remain very bearish gold. On a risk / reward basis I am now bearish the S&P, believing the next 10% move is more likely down than up. I will continue to watch US interest rates for a short term trigger on the S&P500 direction, BUT I will now observe the AMB carefully for any pullback due to the substantial correlation with the S&P500. For the full report and charts, see (VIEW LINK)


Nicholas Forsyth
Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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