Stay Bullish My Friends | SPX 2,350 YE

The gloom and doom narrative that started off 2016 left most market participants on the edge of their seats waiting for some form of a recognizable grand finale. However, the much anticipated boom has remained muffled by the bulls as they hold the line at key support levels across the broad market averages in the U.S.
We believe buyer participation will continue at these levels and ultimately move the market higher as we progress within a secular bull market. Using history as our guide, similar patterns to the breakout we observed in 2013, and the recent pullback in 2016, we see signs of symmetry relative to previous secular bull markets. During the secular bull market that began in the 1980s, the S&P 500 experienced two sharp declines of 26.10% and 11.30% while eventually recovering. Both of these declines proved to be excellent buying opportunities as the market moved higher for nearly two decades.
Other topics we will discuss:
What does this year's election mean to the broader market? The S&P 500 has traded higher 66% of the time during an election year (dating back to 1936).
Are falling crude oil prices good or bad for the U.S.? Over the last several quarters, oil has experienced relentless selling pressure on the back of growing supply and inventory buildup. We look for the relationship of crude oil and the S&P 500 to decouple over the near-to-intermediate term.
Has Gold lost its luster?