A positive day with the Dow Jones up 320 points (+1.31%) and the Nasdaq up 68 points (+0.88%) 

The stock market continues to follow our short-term and long-term forecasts.

That is, we expect the stock market to continue on with its bounce into our XXX TIME turning point. If you would like to read the rest of this forecast, based on our timing and mathematical work, please Click Here

So, is this the final blow off top everyone has been talking about? Well, it depends which index you are looking at, but one investor certainly thinks so.

‘This rally in stocks is a last hurrah!’ warns Guggenheim’s Minerd

However, Minerd, chief investment officer for Guggenheim and one of the world’s pre-eminent bond-fund managers, advised more than a dollop of caution should be employed by investors, who risk whistling through the proverbial graveyard. Via Twitter, the investment manager said: “Markets are crazy to ignore the risks and consequences of a #tradewar. This rally in #stocks is the last hurrah! Investors should sell now, speculators may do better in August”

Let me put it this way. Over the weekend I raged about foolish investors (to put it mildly) buying small cap stocks at 100+ times earnings. Shiller’s Adjusted S&P P/E ratio is rather clear in that regard as well. 

That is to say, the stock market is arguably selling at the highest valuation level in history. At the the very least, historically speaking, investors shouldn’t expect a return for decades to come.

Yet, we have to take something of significant importance into consideration here. The FED continues to hike, the yield curve is near inversion, Trump’s trade war just started and bullish animal spirits are running high.

Translation, the stock market finds itself in an explosive situation. And we would have to agree Mr. Minerd here. The explosion won’t be in the direction most investors believe. Luckily, our timing and mathematical work clearly shows what happens next. If you would like to find out, please Click Here