{"id":32,"date":"2019-08-10T10:23:16","date_gmt":"2019-08-10T10:23:16","guid":{"rendered":"http:\/\/sjc.capital\/blog\/?p=32"},"modified":"2023-03-19T13:07:55","modified_gmt":"2023-03-19T13:07:55","slug":"now-this-is-not-the-end-it-is-not-even-the-beginning-of-the-end-but-it-is-perhaps-the-end-of-the-beginning","status":"publish","type":"post","link":"https:\/\/sjc.capital\/blog\/index.php\/2019\/08\/10\/now-this-is-not-the-end-it-is-not-even-the-beginning-of-the-end-but-it-is-perhaps-the-end-of-the-beginning\/","title":{"rendered":"\u201cNow this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.\u201d"},"content":{"rendered":"\n<p>Originally Published Aug. 25, 2015  <\/p>\n\n\n\n<p>We&#8217;ve just had the first 10% correction in the US stock market in \nover 3 years, immediately preceded by a halving of equity valuations in \nthe Chinese stock market, together with most other country stockmarkets \nmoving into bear or correction territory.<\/p>\n\n\n\n<p>This has been driven by two factors; a slowdown in Chinese economic \ngrowth and the probability of a September interest rate rises in the \nUSA.<\/p>\n\n\n\n<p>However we believe that the probability of a US September interest \nrate rise (from near zero) has now been removed and the probability of \nChinese interest cuts (from 4.85%) have increased.<\/p>\n\n\n\n<p>This should benefit economic growth and allow many country stockmarkets to recover recent losses.<\/p>\n\n\n\n<p>Put in the context of the USA&#8217;s seven year bull market, there may not\n be many more years left in the bull market, but now is not the end, it \nis not even the beginning of the end, but it is, perhaps, the end of the\n middle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Originally Published Aug. 25, 2015 We&#8217;ve just had the first 10% correction in the US stock market in over 3 years, immediately preceded by a halving of equity valuations in the Chinese stock market, together with most other country stockmarkets moving into bear or correction territory. This has been driven by two factors; a slowdown &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/sjc.capital\/blog\/index.php\/2019\/08\/10\/now-this-is-not-the-end-it-is-not-even-the-beginning-of-the-end-but-it-is-perhaps-the-end-of-the-beginning\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;\u201cNow this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.\u201d&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/posts\/32"}],"collection":[{"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=32"}],"version-history":[{"count":2,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/posts\/32\/revisions"}],"predecessor-version":[{"id":308,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/posts\/32\/revisions\/308"}],"wp:attachment":[{"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=32"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=32"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sjc.capital\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=32"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}