Predictions Results and More Forecasts!

Dear Reader,

I still believe that US major stock indices will finish the year 2015 up 5-8%. So buying the current dip should prove (quite) profitable.

Accuracy of Predictions: As evidenced by previous posts, I predicted that US tech stocks will correct 30%. This came true for stocks listed in the last 3-4 years, while old tech majors like Google, Microsoft, Amazon, Apple corrected circa 20% along with Facebook. I predicted also that there will not be a crash. I update my prediction that most of the tech stocks will recover their losses.

European stock indices, though, will not fully recover  their highs. I expect DAX, CAC, FTSE to post circa 5% gains in 2015.

I forecast the Federal Reserve will raise rates in September and December or twice this year. I forecast the German 10 year bund yield will touch 1.00% in 2015 and US 10 year treasury yield will reach 2.7% in 2015.

EUR/USD should fall to 0.90, while USD/JPY should touch 110.

I believe oil WTI will recover to 60 USD in 2015, so global oil majors look like a good investment.

Gold should fall to 800 USD in 2-3 years.


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.)!