Seems that nothing can keep crude oil above 60
Seems that nothing can keep crude oil above 60
playing good defense is essential in turbulent times; When Factory data gets weaker (as measured by ISM) , garbage disposal companies tend to outperform with a correlation of around -0.9. Below is a chart of Waste Management (WM) which seems to be breaking out at the moment
Greetings Everyone and welcome to the Q1 2020; our passive portfolio did great in 2019 beating S&P by about 3%
Expecting both US and EU Q1 GDPs to slow down, especially given the USD strength weighing on trade and tourism. EM and Chinese equity are relatively cheap and should attract more money in Q1 and through the year. TNX to fall below the market expectations. Our high price of WTI is $72 Sectors I am overweight in Q1 are : Industrial, Material, Energy, Utilities.
Looking for a high yield stock backed by the Luxembourgish government? Look no further than SES. 5G expansion fears have been overblown in the last few weeks resulting in a big dive. However, support held and this should bounce back to range. Owning this is practically as safe as owning a Luxembourgish bonds except that it has a much higher return.
Everything is converging at 60. Oil is approaching the overhead resistance. Third test this year
Potential breakout in Gold is in line with the declining dollar.
US Dollar has been held up in the last months by a rally in the US Treasuries, despite the FED starting a rate cutting cycle. Once it starts pressuring the 97 level I do not see a new bullish case. Dollar needs to go down in order to relieve the trade deficit. Exporting aint cheap with currency this strong.
Bitcoin is definitely not looking healthy here. Dead Cat Bounce looks completed and we are ready to test 7 500-600 levels; if that does not hold it can go down to 6-6.5k
A Chinese and an American trade delegation walk into a bar...