Commentary

For reference here are our long-term re-entry targets for the US, Hong Kong, and German markets.

This is in lieu of the US interest rate decision this month, which may trigger the start of the bear market.

Best,
Michael

Fig 1: Index Targets for Monthly Savings & Lump Sum Plans

Fig 1: Index Targets for Monthly Savings & Lump Sum Plans

Fig 2: US NASDAQ long-term targets (Source: stockcharts.com)

Fig 2: US NASDAQ long-term targets (Source: stockcharts.com)

Fig 3: US S&P long-term targets (Source: stockcharts.com)

Fig 3: US S&P long-term targets (Source: stockcharts.com)

Fig 4: Hong Kong Hang Seng Index long-term targets (Source: stockcharts.com)

Fig 4: Hong Kong Hang Seng Index long-term targets (Source: stockcharts.com)

Fig 5: German DAX Index long-term targets (Source: stockcharts.com)

Fig 5: German DAX Index long-term targets (Source: stockcharts.com)