• 3 days Chinese Stocks Rebound After Regulatory Scare
  • 5 days Apple Stocks Falls After Blowout Earnings Report
  • 5 days The 5 Biggest IPO Disasters Of 2021
  • 6 days Crypto-Based ‘Shadow Financial Market’ Spooks Regulators
  • 9 days Ireland Balks At Biden’s Global Tax Plan
  • 12 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 15 days Facial Recognition Is Watching You
  • 16 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 16 days The Fed’s $3 Trillion Headache
  • 20 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 20 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 21 days Delta Variant Real Threat To Economic Recovery
  • 24 days JEDI Drama Continues With Microsoft Contract Cut
  • 26 days DiDi Shares Take a Beating From Chinese Regulators
  • 27 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 27 days Jobs Report Has Big Numbers, But Still Big Problems
  • 28 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 31 days Didi Just Went Public, And Uber Is Loving It
  • 32 days Islamic Finance On Track To Hit $3.7 Trillion
  • 33 days The Lumber Bubble Is Bursting
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Elliott Wave International

Elliott Wave International

Elliott Wave International

Elliott Wave International (EWI) is the world's largest market forecasting firm. EWI's 20-plus analysts provide around-the-clock forecasts of every major market in the world via…

Contact Author

  1. Home
  2. Markets
  3. Other

The 'Trump Bump' Was in the Cards LONG Before Trump

How to breach limitations of conventional market forecasting

The text version of the story is below.

It's been a tough time for the stock market bears.

You just have to look at these recent headlines:

  • U.S. stock futures hit fresh highs (Marketwatch, Feb. 20)
  • Stocks post best winning streak in 25 years (CNN Money, Feb. 16)
  • Stocks Continue Record-Breaking Run (Nasdaq.com, Feb. 15)

As a result, a prominent Canadian market participant has thrown in the towel (zerohedge.com, Feb. 17):

The CEO of Fairfax Financial ... announced that he is covering his firm's equity hedges after suffering a $1.1 billion net loss on its investments in Q4, and $1.2 billion for all of 2016.

But the financial pain hardly ends there. Look at this chart with comments from the Wall Street Journal (Feb. 16):

Daily Assets of the Catalyst Hedged Futures Strategy Fund

It is the buzz of Wall Street: a five-day, 15% plunge in a U.S. mutual fund whose bearish bets were undone by the S&P 500's latest run to fresh records.

Many market commentators say stocks have been rising because of the new administration's policies (Yahoo Finance, Feb. 20):

Much of the post-US election rally in the stock market has been attributed to President Donald Trump's promises for tax cuts and deregulation.

But long before the election, Elliott wave price patterns already told our subscribers to prepare for a market rally.

Our just-published February Elliott Wave Theorist reviews several charts we published early in 2016. Here's one of those charts along with commentary from the new Elliott Wave Theorist:

S&P500 Channel

The January and February 2016 issues of The Elliott Wave Theorist, written as stocks were plunging in highly volatile fashion, called for a bottom and labeled the stock indexes as having finished A, B and C of wave (4), a corrective formation dating back to the high of 2015.

In other words, our analysis revealed that the market was starting the next leg up.

 


Get the Free Elliott Wave Tutorial

Learn how you can apply the Wave Principle to improve your trading and investing in this free 10-lesson tutorial. You'll learn:

  • What the basic Elliott wave progression looks like
  • Difference between impulsive and corrective waves
  • How to estimate the length of waves
  • How Fibonacci numbers fit into wave analysis
  • Practical application tips for the method

Get Details and Instant Access

This article was syndicated by Elliott Wave International and was originally published under the headline The 'Trump Bump' Was in the Cards LONG Before Trump. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

 

Back to homepage

Leave a comment

Leave a comment