FX Evolution: This Has Only Happened 8 Times in 30 Years

Markets continue to roar back from their early August selloff. Investors who bought the dip are faring well. Those who expect another big selloff have been disappointed so far.

In the meantime, the S&P 500 and Nasdaq hit an 8-day winning streak. And both indices gained more than 5% over that period. That’s a huge move. It’s also one that suggests the rebound has ended.

Going forward, the market will likely continue its long-term uptrend. But it will take on a slower and more cautious approach.

This market shift higher may have some believing that there will be no recession anytime soon. However, the economic data that helped the market sell off in the first place does show that markets are slowing.

Meanwhile, global liquidity remains on the rise. And it’s set to rise further as interest rates decline, there is still some more upside over the next year.

With markets still looking bullish, investors can still stay long this market. And over the next year, investors can look to get increasingly defensive. That includes sectors such as utilities and gold.

Thanks to the AI boom and rising demand for electric power, utilities offer both safety, income, and some medium-term growth over the next few years. Gold can hold up with a bullish market, and the metal still has more room to run over $2,500.

To view the full data behind the market’s latest move, click here.