I want to highlight a few other key signals that are flashing and giving us the green light to start the bull market.
The time for the bull market to fully start is not far away
First, a few financial news items appeared in my feed yesterday morning that caught my attention.
Goldman Sachs announced that profits doubled in the second quarter, mainly due to Wall Street getting back into trading. We know that this is the headline news we expect to see at this stage because the real estate cycle is 18.6 years long. The big banks making huge profits is the key, but more importantly how they do it…trading. Trading means that risk appetite is increasing, and even better, it means that they need to underwrite these deals with debt.
Speaking of trading, another news that caught my attention was that Google is negotiating a record acquisition of $23 billion. You don't see things like this happening in a market downturn.
So we have big banks and big tech companies pulling out their checkbooks and trading at the time we expect.