Currencies, Stocks and Bonds!
Dear Reader,
My forecasts for the foreign exchange markets are almost coming true. USD/YEN is already above 120 and EUR/USD is close to 1.05.
I still expect US stock markets to sell off in 2015 nearly 20% from the current levels measured by the main indices. Tech and biotech stocks should fall 30% from the current levels. US nonpublic and some public tech and biotech are in a bubble. Eurozone stocks should also sell off by more than 20% from the current levels disrupted by the US stock markets.
I expect the yield on the 10 year US treasury to reach 2.7% in 2015. Eurozone government bonds should sell of in 2015.
Gold to target 1050USD in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author’s and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
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