Stocks, Bonds, Commodities and Foreign Exchange!

Dear Reader,

I still believe the main US stock market indices(DJIA, S&P 500, Nasdaq) will post 5-8% gains in 2015.

I believe Facebook, LinekdIn, Twitter and Google are undervalued. Oil majors like Exxon Mobil, Chevron, ConocoPhillips, BP, Royal Dutch Shell, Total offer good value. Apple is fully valued.

US bank majors Wells Fargo, JPMorgan, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are undervalued.

I believe the yield on US 10 year treasuries will touch 2.7% in 2015. The Federal Reserve will hike the Federal Funds Rate by 0.25% in September AND December 2015.

I believe the German 10 year bunds(government bonds) yield will stay below 1.5% in 2015. The eurozone 'periphery' government bonds(Italy, Spain, Portugal, Ireland, Greece) will sell off towards year end. I expect the yield on 10 year government bonds of Italy and Spain to touch 3.0% in 2015.

I expect oil(WTI) to recover and touch 60 USD by the end of 2015.
I forecast gold will fall towards 800 USD in 2-3 years.

I forecast EUR/USD will head towards 0.90 in 2015. USD/JPY will touch 110 in 2015.


Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions  expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!



Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!