Dear Reader,
My forecast that the major US stock markets indices will finish 2015 up 5-8% is about to come true. It certainly did not look this way two months ago after the 15% correction.
I keep my forecast that DJIA, S&P500 and Nasdaq will finish the year up 5-8%.
I forecast the Federal Reserve will raise the Federal funds rate by 0.25% in December 2015. The US 10 year treasury yield should reach 2.7% in 2015, ... yes, there is still time ...
Large cap US technology stocks and large cap US banks will benefit the most from the coming rally in US equities.
Apple, Google, Microsoft, Electronic Arts, Twitter, LinkedIn are undervalued. Facebook is overvalued.
JPMorgan, WellsFargo, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are undervalued.
The German 10 year government bond(bund) yield will reach 1.00% in 2015, yes there is still time ...
The Italian, Spanish, Portuguese and Greek bonds will endure some sell off, but nothing drastic.
I believe the European Central bank will not announce any easing measures at its meeting in December 2015.
I beleive Russia equities are undervalued on oil. China equities are overvalued. Brazil equities are slightly undervalued.
Oil WTI to reach 65 USD in 2015. The forecast seems excessive, so I am following the market closely with the inclination to put off the time point of oil reaching 65 USD.
Global oil majors like ExxonMobil, ConocoPhillips, Chevron, BP Shell, Total, Gazprom, Rosneft are undervalued.
Gold to fall to 800 USD in 2-3 years. Gold mining majors are still overvalued.
My forecast that EUR/USD will reach 1.00 is within sight, so I stick with it. USDYEN to fall to 110 in 2015.
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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.)!
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