Dear Reader,
Oil, both WTI and brent, could easily go to 70 USD.
Global oil majors should outperfrom.
As far as US and Eurozone stocks are concerned, things are tricky. I believe the correlation between oil and the US stock market is about to break down, diminish.
The Federal reserve could surprise markets and hike in June. Honestly, I am 50:50 if there would be one or two hikes of the Federal Funds Rate in 2016.
Gold is prone to a large fall, I think. Gold could go to 1050 USD and global gold producers could shed more than 30% of their value.
EUR/USD should again go close to 1.05. USD/Yen could touch 100.
Disclaimer: The blogposts and comments on this blog 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.)!
Stocks valuations, analysis. Unbiased. Insightful. Property of Wolfteam Ltd., www.wolfteamedge.com If you find the blog useful, LINK TO www.posledovich.blogspot.com Stocks, Bitcoin, Cryptocurrencies, AI, analysis, insights. CLICK ADVERTISEMENTS, SHARE ON SOCIAL NETWORKS! Technology, Bitcoin, AI, company strategy, stocks analysis. Stocks, crypto involve high RISK! Nothing on this blog is meant or should be construed as investment recommendation to buy or sell securities or their derivatives!
No comments:
Post a Comment