Stocks, Bonds, FX and Commodities!

Dear Reader,




I still expect US stock market indices to post gains of 5-8% in 2015.
US 10 year treasuries to touch 2.7% in 2015. I expect the Federal Reserve to hike rates in September AND December.




I forecast German 10 year bunds yield to stay below 1.5% in 2015. I expect Spanish, Italian, Portuguese and Irish government bonds to sell off. I expect Spanish and Italian 10 year government bonds yield to reach 3.0% in 2015.




Stocks: LinkedIn(LNKD), Facebook(FB), Twitter(TWTR), GoPro(GPRO) and FitBit(FIT) seem undervalued. Oil majors Exxon Mobil, Chevron and Conoco Phillips deliver good value at these levels. Major Eurozone banks seem undervalued.




I expect Oil(WTI) to recover to about 70 USD in 2015. I expect gold to fall to 800 USD in 2-3 years.


I expect EUR/USD to touch 0.90 in 2015 and USD/JPY to fall back to 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.)!