2014 Will Be Flat Time For Equities

By Chris Haley

This year and early next is going to be a relatively flat time for equities. My Target for the S+P is 1950 at year end, but we'll be going up and down in between. This April correction will take us down to near 1700, but in May I guess we'll be near 1900, then back down June, up in July, Down In Aug/Sept then Oct to year end a rally to take us to 1950. Early next year we'll rally over 2,000, only for a fed funds increase pull back to 1850 by the summer and so we'll have gone nowhere for 18 months, but it's a monthly traders dream! Expect after Summer 2015 that the US economy and earnings will pick up for a big rally 2015-2017 to S+P 3,000.

Regards.

Chris Haley is a  full time investor with thirty years experience and used to making around 50% a year in equity capital returns, having worked previously for financial investment firms JP Morgan's Save and Proper in the UK and Royal Insurance.

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