Stocks, Bonds, Foreign Exchange, Oil and Gold!

Dear Reader,

I stick with my forecast that the US major stock indices(S&P 500, DJIA, Nasdaq) will post 5-8% gains for 2015. Nasdaq is at this range, while DJIA and S&P 500 are close.

I forecast the Federal Reserve will hike the Federal Funds Rate at the December 2015 meeting. I stick with my forecast the 10 year US trasury yield will touch 2.7% in 2015. I stick with my forecast the yield on the 10 year German government bond(bund) will rise to 1.0% in 2015.

My foreacst that the major European stock market indices(CAC, DAX, FTSE) could rise 10-15% is close to coming true.

I revise my forecast about oil. WTI Oil should reach 60 USD in 2016.
EUR/USD should reach parity 1.0 in 2016. USD/JPY should fall to 110 in 2016.

Gold to fall to 800 USD in 2016-2017 where it will find a bottom.

My forecast that some tech stocks are in a bubble already came true. Some of these bubbles(FUEL, GroupOn, FitBit, GoPro etc.) have already popped.

The broader market, though, should remain relatively unaffected.

I revise my forecast about large cap tech stocks-> they remain fairly valued. Google, Apple, Electronic Arts, Twitter, LinkedIn are fairly valued. Facebook is overvalued. Microsoft still has some upside potential on Windows 10.


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.)!