Key financial market trends show continuation as we enter
December. Down trends in bonds and rates may show some weakening after the
strong moves in November, but there are few signs of reversals. Dollar strengthening
is linked to the bond moves based on expectation of increased US growth and Fed
action. Energy markets show a strong uptrend on announced OPEC production cuts.
The US equity rally post-election is slowing. This stock rally never occurred
in global markets. There are limited
trend opportunities in precious metals and slowing trends in base metals.
Commodity markets are mixed based on large dispersion in supply and demand
conditions.
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