Market watchers expect market volatility to be high this year, but it’s not clear whether the bull market that has gripped the markets since the beginning of the year will end anytime soon.
“There’s a lot of bulls, a lot more than there’s a bit of bulls,” said Markowitz, a managing director at the BMO Capital Markets Investment Research Group.
“You’re going to see a lot and a lot, and the bulls may be on the downside.”
The S&P 500 is up a little more than 1.5 percent this year.
The Nasdaq Composite is up 2.4 percent, while the Dow Jones Industrial Average is up 12.2 percent.
Markets are in their early stages of the second quarter, which began Friday.
“The bull market is going to be really strong, but we have to wait and see how this thing plays out,” said Ben Stogran, an analyst with Jefferies in New York.
“It’s going to take a while to see how things play out.”
The U.S. dollar has gained 1.2% this year amid speculation the U.K. will leave the European Union.
Meanwhile, the euro has been gaining, as has the yen, which is trading around 65.75 yen.
On Monday, the U,S.
and European central banks met in a closed-door meeting in London.
The central banks announced the next steps in a process known as the “frankfurt cycle.”
The countries have been discussing whether to increase interest rates and cut interest rates in response to a surge in asset prices, while also pushing to limit the global financial crisis, known as “the global financial panic.”
That has fueled a rally in the U!
stock market, with the Dow and S&s up more than 50%.
400, the world’s biggest stock index, is up almost 20% this month, and U.N. sanctions on Russia have raised concerns about the country’s economy.
The dollar has also rallied, though it is down about 5% against a basket of currencies.
“I think the dollar has been a little bit overvalued at this point in the year,” said Stephen Greenblatt, chief investment officer at BlackRock.
“People have been buying more and more.”
Market watcher Stephen Zindler said he expects the Dow to average around 2,000 this year before settling at around 2.5, or about half of the 2,500 mark it reached in 2016.
He expects the S&s to average between 2,100 and 2,400 before settling around 2-1,000.
“If I were to buy a 50-year bond today, I would buy it with the price of gold at $1,300 an ounce,” Zindlers said.
The bull market also has spurred speculation about the long-term direction of the U’s stock market. “
This year, the market has done a nice job of finding a path out of this global financial crash.”
The bull market also has spurred speculation about the long-term direction of the U’s stock market.
“In my mind, the longer the market holds the bulls at bay, the better the market will do,” said Zindl, referring to the U s bull market.
And there are plenty of potential bearish scenarios in the market.
There are a lot less risk-free assets than there were in the last bull market, meaning that if the market keeps going up, the downside risks can be even greater than in previous bull markets.
But Zindli also noted that the bull has helped keep the markets from overvaluing stocks, and that that has helped put the market on a more balanced path.
“At the end of the day, there is a very important part of the bull that is taking place that is keeping the bulls from taking over,” he said.