The US-China trade negotiations are entering the final stage, and it appears that the trade deal will be reached. If in fact, the trade deal in announced, and it removes the barriers to global growth, emerging market stocks will be the primary beneficiary. Emerging Markets ETF (EEM) has been anticipating the positive outcome of the… Read More
S&P 500 Approaching the Major Resistance: Time to Sell?
The stock market (S&P 500) is nearing the level at which it started the major correction in early December of 2018 – right around 2800. Note, since late December of 2018, the stock market has surged, in an apparent V-shape recovery. So, is it time to take some profits, or even go short, or just… Read More
The Fed: Turning Point?
The Federal Funds futures for January 2021 implies the Fed rate of 2.16% for December 2020. The current Fed rate is 2.40%. Thus, the market expects that the Fed’s tightening cycle ended in December 2018, and the next move will likely be 0.25% down. What are the implications for the financial markets? US dollar depreciation?… Read More
