JP Morgan stock drops 3% even though profits were high. I have been concerned the market can be weaker than expected during a period of setback forecast by the model. Correct call for a downswing near end fo week, but now lower than expected for the SP500. The Weekly Update to be shown late today or Saturday. Three-day weekend as demand withdraws.
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Primary focus on the US stock market and the major grains. Short-term to super-long-term forecasts from the business cycle model, including signals.
Additional model-based opinion/signals include global stock market indexes, interest rates, dollar, bitcoin, gold, oil, the boom/bust cycle of the economy, and the cyclical climate events that can cause crop problems.
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Email: rich@ag-financial.com
Twitter: @rich_posson