Read the story here. Advertise at Before It's News here.
Profile image
By Political Calculations (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Stalled Momentum for S&P 500

% of readers think this story is Fact. Add your two cents.

The S&P 500′s upward momentum stalled out in the MLK holiday shorted trading week. The index closed the week at 3,906.71, down 0.7% from the previous week’s record high closing value.

The week however provided the clarity we needed to fix the starting point for the redzone forecast range shown on the latest update to the alternative futures chart. Investors were focusing on 2021-Q2 as the S&P 500 caught up to the echo of past volatility from last year’s coronavirus recession crash.

Alternative Futures - S&P 500 - 2021Q1 - Standard Model (m=+1.5 from 22 September 2020) - Snapshot on 19 Feb 2021

Although its not shown on the chart, we’ve tied the opposite end of the redzone forecast range to the dividend futures-based model‘s projection of the trajectory associated with investor expectations for the distant future quarter of 2021-Q4, on the opposite side of the volatility echo, which extends to 10 May 2021. In doing this, we’re assuming investors will have shifted their forward-looking attention outward by that point of time, which is an assumption we may need to revisit.

There wasn’t much in the way of market moving headlines in the news of the week that was, but what there was indicates investors are focusing on 2021-Q2 at the present time.

Tuesday, 16 February 2021
  • Signs and portents for the U.S. economy:
  • Fed minions have positive outlook, want more government spending, but see COVID-19 closed schools advocated by teacher union-controlled Biden administration as harmful:
  • COVID school closures may slightly stunt U.S. economic growth: Fed paper
  • Less big trouble developing in the Eurozone:
  • Stimulus hopes drive Dow to closing peak but interest rate worries loom
  • Wednesday, 17 February 2021
    • Signs and portents for the U.S. economy:
  • U.S. manufacturing production rises solidly despite semiconductor shortage
  • Fed minions optimistic, see benefits to pandemic, think they will keep missing their inflation target, but are okay with overrunning it:
  • Bigger debt developing all over:
  • Nasdaq ends lower as tech slides; inflation concerns weigh
  • Thursday, 18 February 2021
    • Daily signs and portents for the U.S. economy:
  • U.S. housing starts fall in January; permits soar
  • U.S. labor market struggling to regain momentum
  • Fed minion wants maximum jobs, sustainable growth, financial firms to address climate risk, and a pony. Analysts say Fed is locked into money printing to deliver:
  • Analysis: Debt-laden world, rising bond yields – a toxic taper tantrum combo
  • Wall St closes down on tech slide, rising jobless claims
  • Friday, 19 February 2021
    • Daily signs and portents for the U.S. economy:
  • Fed minions see risk of business failures, do not fear overheated economy, look forward to economic recovery, but really want more government spending and affordable child care:
  • Bigger trouble developing in Canada:
  • Mixed recovery signs… :
    • … in Japan:
  • … in the Eurozone:
  • ECB, Eurogroup minions starting to worry about debt:
  • Wall Street closes flat as cyclicals shine, big tech falls
  • Elsewhere, Barry Ritholtz names the positives and negatives he found in the past week’s economics and markets news.


    Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

    Anyone can join.
    Anyone can contribute.
    Anyone can become informed about their world.

    "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

    Please Help Support BeforeitsNews by trying our Natural Health Products below!

    Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

    Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

    Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

    HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

    Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

    MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
    Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
    Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
    Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

    Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

    Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.