Stocks, Bonds and Economic Forecasts!
Dear Reader,
US tech and biotech stocks are in a bubble. I expect a 30% sell off in these two segments of the US stock market within 2015. The main US stock indices to sell off 20% from current levels.
EUR/USD to target 0.90 in 2015. Gold to fall to 1050 USD in 2015.
European stocks to also sell off 20% from current levels in 2015. Eurozone bonds to sell off in 2015. The yield on the 10 year German government bond to target 0.7% in 2015. I expect eurozone GDP to grow less than 1.6% in 2015.
I forecast US GDP to grow less than 2.5% in 2015 year on year. US treasuries will sell off in 2015. The yield on the US 10 year treasury to target 2.7% 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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Stocks, Bonds and Economic Forecasts!
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