Hi guys,
Much uncertainty surrounding the economy seems to be taken away. At least we know pretty for sure that the Fed will keep its rate unchanged all next year; that there is gonna be a new trade deal with Canada and Mexico; that Brexit will actually happen; and that the US-China trade deal will also take place unless someone in the high places has not yet made pocketfuls of money by manipulating the market. Fundamentals of the US economy remain strong, with an unprecedented unemployment showing of 3.5% etc.
As a result, the stock market has found its footing and seems ready for another strong day today. Still, our recommendations remain conservative - to be cautious and stay on the sidelines, because some technicals look rather scary and the feeling is that the market in going on on drugs irrespective of what might happen next. We experienced that kind of thinking in the days and years of "irrational exuberance" and "new economy"; but maybe not all remember. We remain neutral and recommend you to do the same. In case there is actually a signal, watch our signal page for our updated recommendations here.
Good luck,
ELP team
Much uncertainty surrounding the economy seems to be taken away. At least we know pretty for sure that the Fed will keep its rate unchanged all next year; that there is gonna be a new trade deal with Canada and Mexico; that Brexit will actually happen; and that the US-China trade deal will also take place unless someone in the high places has not yet made pocketfuls of money by manipulating the market. Fundamentals of the US economy remain strong, with an unprecedented unemployment showing of 3.5% etc.
As a result, the stock market has found its footing and seems ready for another strong day today. Still, our recommendations remain conservative - to be cautious and stay on the sidelines, because some technicals look rather scary and the feeling is that the market in going on on drugs irrespective of what might happen next. We experienced that kind of thinking in the days and years of "irrational exuberance" and "new economy"; but maybe not all remember. We remain neutral and recommend you to do the same. In case there is actually a signal, watch our signal page for our updated recommendations here.
Good luck,
ELP team
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