Dear Reader,
The probability for a hike in the Federal Funds Rate come 15 March by the Federal Reserve is 80%. I still doubt the Federal Reserve will hike the FFR three times in 2017, but two hikes now seems quite likely.
US and global technology stocks should continue their march higher, I personally like AMD and BOX. AMD is making inroads in high technology processors, while BOX is at the forefront of the cloud services revolution. Just look at what happened when Amazon Web Services was down yesterday - thousands of sites that relied on AWS went down.
Oil is to remain in a tight range between 50 to 60 USD, so oil stocks have some upside 15-20% from the current levels.
Gold seems undervalued at the moment, provided the Federal Reserve is not too hawkish, so gold stocks stand to benefit.
The USD should strengthen to the Japanese YEN, so Japanese stocks could rise by 10-15%.
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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.)!
Kind regards,
Petar Posledovich
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