Recession Prediction: Are Markets in Denial?
Posted On June 18, 2018 2:07 pm
By: Steve Smith
By: Steve Smith
If you want to find something to be seriously concerned about, it’s 10-year yields globally trading back at pathetic levels. I keep asking myself why investors remain willing to accept these returns. And I’m not sure I want to know the answer.
As bullish as the dollar story reads, the jury is still out.
Having said that, the May 29 extremes are good pivots and close to where the currency ran out of steam last week. With so much European drama being staged this week, it’s nice to have close levels to lean on. Watch Merkel and May and don’t get too hung up on Sintra.
Page 1 Page 2
Tagged with:
recession prediction