Maher's Digital World

Financial news and stock markets.

Offline scarface

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Re: Financial news and stock markets.
« Reply #220 on: Today at 02:47 AM »
Note that once again, I advise you to take advantage of the technical rebound to sell some stocks. I sold a few societe generale this morning. The futures on the Dow Jones are up 200 points. In my opinion it won't last and the European markets will follow, the upward trend will decrease.
https://www.boursorama.com/bourse/indices/cours/1rPCAC/

In the current context, we'll remain bullish on gold.
Growing global recession fears could push gold prices to $1,600 an ounce or even higher, according to UBS as it updates its gold forecast for the rest of the year.
In a research note released Thursday, Joni Teves, strategist at the Swiss Bank, said that she is increasing her bullish outlook on gold as uncertainty grips financial markets. She said that investors are turning to the yellow metal as the U.S.-China trade war slows economic growth and central banks look to embrace more dovish monetary policies.
« Last Edit: Today at 02:52 AM by scarface »

Offline scarface

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Re: Financial news and stock markets.
« Reply #221 on: Today at 06:44 AM »
On the current levels, I advise you to turn bearish on the US stock markets, with a first target at 2800 points on the s&p 500, especially since the $ is likely to keep rising versus the Euro.
For the European markets, it seems the rebound is not over, and they are less expensive as you can see on the pictures below (the PE for the US is 25% higher than the average European PE).

In the world, only the Indian and New Zealand markets are more expensive (higher price earning ratio).