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JPMorgan traders "draw the line": U.S. stocks first break 6000, then hit a new low!
JPMorgan expects that, driven by factors such as the activation of CTA strategy and accelerated Share Buybacks, the S&P 500 Index will first challenge the 6000-point mark. However, afterwards, if investors hold a pessimistic view on the mid-term outlook under high tariffs, the market may retest low levels. JPMorgan agrees with the current widespread view of an economic recession and anticipates a significant decline in hard data such as non-farm employment and retail sales in the next 1-2 months.
Gold is expected to continue to "shine magnificently!" Goldman Sachs bets that the soaring gold price will hit 4000 dollars.
The increasingly strong demand for Gold from central banks worldwide has structurally raised the "Gold to Silver ratio," and it is expected that Gold Trade prices will continue to outperform another much cheaper Precious Metal—Silver.
Fredo in the cut OP : im not chasing this move down 562 will be an entry point otherwise ill let it play out