US Technology, Financial Stocks, Federal Reserve!

Dear Reader,

My forecast of oil WTI falling to 35-40-45 USD is about to come true. Apparently, the world economy is not strong enough to absorb the spare quantity of oil.

I forecast the Federal reserve will hike the Federal funds rate two times in 2017. Something will eventually get in the way of three hikes as both the market and the central bank forecast.

Technology stocks, while richly valued, will continue to do well. Some bubbles like GoPro, Fuel GroupOn, Twitter etc. have popped, but many remain.

I personally like chip manufacturers like AMD and NVDA and cloud companies like BOX.
APPLE, Microsoft, AMZN, Google and Facebook should continue their march higher. These five companies have changed the world in a remarkable way. Technologies of the future are machine learning and cloud computing.

The US financials stocks run has gone quite far, I think. The global economy does not feel like 2007-2008 and yet Goldman Sachs' price has exceeded the 2007 high. I think US financials are due for a 10% correction.

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.)!


Kind regards,
Petar Posledovich