March 18, 2012
Weekly Market Outlook
By Keith Schneider
The effect of climate change has actually trickled down to the Stock Market as Equity Markets continued its melt up this week, ending up 2%. Good news from the Fed regarding the improving economy hit the tape and the market responded positively. Since 2008 almost every FED statement had been met with a market drop. This is a rare exception.
Retail sales improved as the economic recovery is gradually moving along mitigating the need to keep the printing presses operating overtime.
As we had mentioned in recent editions of this publication, the linkages between stocks, gold, currencies and interest rates have been subtly shifting and we have been looking for signs that these shifting relationships were not one or two day wonders.
This week anyone with a pulse could see the shift. This is not too say the market can't correct from current levels, but one can't ignore that pall over the global market is lifting and the rise in interest rates is a harbinger of thing to come. Clearly, the economic climate is warming, but is the current rally overheated? Let's go the video and see what the charts are telling us now.
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