Hello everybody,
Fundamentals of the US economy remain strong: yesterday it was again confirmed by stronger than expected unemployment figure (3.5%). Moreover, Democrats in the Congress seem to be ready to support the new trade deal with Canada and Mexico proposed by Trump's administration and his other actions, despite of pressing on with impeachment. The Fed left the federal funds rate unchanged at 1.75%, which was expected. Erratic and undirectional trading continued yesterday, with much uncertainty remaining in the markets, although some of it has been dispelled. Our recommendations remain to be cautious and stay on the sidelines for now, until there is a clearer picture on the horizon, and wait till the current tensions and discrepancies, both technical and fundamental, have been resolved. We remain neutral unless there is a big movement in either direction. In case there is actually a movement, watch our signal page for our updated recommendations here.
Good luck,
ELP team
Fundamentals of the US economy remain strong: yesterday it was again confirmed by stronger than expected unemployment figure (3.5%). Moreover, Democrats in the Congress seem to be ready to support the new trade deal with Canada and Mexico proposed by Trump's administration and his other actions, despite of pressing on with impeachment. The Fed left the federal funds rate unchanged at 1.75%, which was expected. Erratic and undirectional trading continued yesterday, with much uncertainty remaining in the markets, although some of it has been dispelled. Our recommendations remain to be cautious and stay on the sidelines for now, until there is a clearer picture on the horizon, and wait till the current tensions and discrepancies, both technical and fundamental, have been resolved. We remain neutral unless there is a big movement in either direction. In case there is actually a movement, watch our signal page for our updated recommendations here.
Good luck,
ELP team
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