072409: The major trading currencies continue their recent upward trends vs. the US dollar as many central banks have declared that the worst of the economic slowdown may be behind us. This has also vaulted many of the world equity markets to new relative highs (refer to this weeks WCTS blog for more). At the same time many bond markets are moving lower reflecting the perception that inflation rather than deflation ought to be the concern going forward. As highlighted in the July edition of the CRI newsletter, the period from the end of July through the Labor day weekend may possibly see a 'blow-off-top' in many markets as long standing upside targets are finally being hit. Once September is upon us, all best are off! Commodity prices themselves have generally remained within their previously report trends. Of notable exception; Cocoa has broken to the upside and Oats have broken to the downside.
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
No comments:
Post a Comment