Dear Reader,
The Federal reserve erased two Federal funds rate hikes from the dotplot of the FOMC members. Basically, the Federal reserve intends to raise rates two times by 0.25% in 2016 instead of 4 times as envisaged before the march meeting.
This and other factors support some upside potential for stocks globally. US tech stocks and emerging markets(Brazil, Russia, India and China) stocks should ouperform, if oil does not collapse.
Basically, I think oil could touch 50USD in 2016, where it should face various headwinds.
Petrobras, Nvidia, Microsoft, global oil majors look good.
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