May 4, 2015
Weekly Market Outlook
By Keith Schneider
Click here to learn how to profit from money flowing into foreign countries.
In one of the biggest paydays for a sporting events ever, the boxing match between Floyd Mayweather and Manny Pacquiao was considered boring with back and forth sideways technical action that yielded no knockdowns. Although a unanimous decision in favor of Mayweather, it was a tight battle. Hmm, if that sounds like I am describing the action between the bulls and bears in the US equities markets I am.
There is no arguing that with stock market currently near all-time highs, the long term bull is still intact. However, small upward progress has been met with selling. In fact, just enough to suck in fresh longs and then trap those fresh buyers with a nasty drop.
The bond market has decided that the Fed will raise rates regardless of the economic numbers which have slowed considerably since last quarter.
Meanwhile, virtually the rest of the world is dropping rates and injecting liquidity causing their equites markets to fly. The liquidity cycle favors moving money to other countries and regions or at least taking a cheap Roman holiday.
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