Macro: Better US Outlook, But Europe Worrying
1. Markit Manufacturing PMI Points to Stronger US Recovery |
2. US Initial Jobless Claims Back to Cycle Lows |
3. Why the Fed Can Stay on Hold Longer: High 12.2% Under-Employment Rate |
4. German 10-year Bond Yield < 1% Higlights Deflation Risk: ECB to Help? |
Stock Markets: Tech, Financials Hit New High, Europe Rebounds
5. US Technology, Financials Sectors Break Out to New Highs |
6. German Stocks Lagged Word By Over 8%; Now Catch-Up Time |
Commodities: Has Crude Oil Found A Bottom At Last?
7. Brent Crude Oil Finally Bouncing Off $102/barrel |
8. Oil Services, Exploration/Production Start To Recover |
9. Nearly the Season for the Energy Sector To Perform! |
Risks: Watch For Mid-Term VIX to Return to <13
10. Mid-Term VIX Volatility Index Under 13 Will Flag Renewed Risk to Stocks |
11. Warning: US Retail Sentiment Back to Bullish High (Contrarian Signal) |
Investment Summary
- US Economic Recovery Seems to be Improving
- But High Under-Employment Means the Fed Can Wait…
- Risk-On Recovery Driving US Tech Financials To New Highs
- European Stocks Still Primed To Recover, But Hinges on the ECB
- Opportunity to Return to Oil Stocks As Brent Crude Bottoms
- Watch for the Mid-Term VIX to Dip Under 13; then risk/return may change
Edmund
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