Chris Ciovacco in SafeHaven today reads the historical charts and concludes that recent multiple Federal Reserve rate cuts are slightly bullish indicators:
... From my perspective, almost all the items above slightly favor the reflation trade over gloom-and-doom. However, the edge is small enough to remain diversified while keeping a close eye on the stock market's 50 and 200-day moving averages.
This would chime with Jim Puplava's assessment that "more of the same" will buy us a little more time until the system is exhausted, which he expects to happen around 2009 onwards.
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