As you know, we do NOT gaze into crystal balls to make investment decisions.
That said, it’s still fun to try and see around the bend.
And it looks like even more good things are ahead.
The growing consensus has already been building, reversing calls for an imminent recession and testing old lows.
More and more analysts are admitting their bad calls and jumping on the new bandwagon of NO recession and new highs just around the corner.
And just last week, we got confirmation from the technical tea leaves to strengthen that anecdotal evidence.
Most of the major averages broke through their previous technical ceilings.
What does that mean?
Imagine a bouncy ball bouncing from floor to ceiling inside a high-rise building.
The ball will eventually break through either the floor or the ceiling to the room below or above.
If it breaks through the ceiling to the room above, the old ceiling becomes the new floor.
Unfortunately, sometimes the new floor is too weak and the ball will drop back to the room below.
But more often than not, it breaks through to the new level with enough momentum to keep going and break through the ceiling of the new level.
We can’t (ever) say for sure which way the ball…err… the markets will go from here.
But the anticipation of more upside is finally louder than the expectation for the opposite.
