Very strong moves up seen in the S&P 200 (XJO) over the past month, looking increasingly like a new bullish up-trend.
MacroValue Economic Indicator
Reminder: This is a directional indicator and the fair value target is an indication of strength, but not a hard target.
Very strong economic signals showing through.
Consensus earnings expectations continue to support a rally. Given the economic signals are in place, it is highly likely that, in aggregate, expectations are met. Whilst this is a moving target, the first half of 2012 is shaping up nicely for a rally.