Looking past the day to day fluctuations, the situation remains unchanged:
1. Leading and concurrent indicators are down.
2. The credit spread is increasing:
3. Safety is the word in stock markets. The breath is deteriorating.
Friday, January 23, 2015
Situation: unchanged
The ECB action come largely as expected. The Pavlovian reaction to buy stocks lasted a day. On Friday, US stocks were already on going down. And why not: QE in EU makes the dollar stronger thus weakening US corporate experts and lowering their overseas profits.
Looking past the day to day fluctuations, the situation remains unchanged:
1. Leading and concurrent indicators are down.
2. The credit spread is increasing:
3. Safety is the word in stock markets. The breath is deteriorating.
Unless the picture changes these dynamics change, the market is heading down.
Looking past the day to day fluctuations, the situation remains unchanged:
1. Leading and concurrent indicators are down.
2. The credit spread is increasing:
3. Safety is the word in stock markets. The breath is deteriorating.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment