Stocks, Bonds and New FX Targets!
Dear Reader,
I still expect US stock markets to fall 20% in 2015 from the current levels measured by the main indices. US tech stocks and biotech stocks are in a bubble and should fall more than 30% from the current levels. Eurozone stocks should fall 20% from the current levels.
US treasuries should sell off in 2015. The 10 year yield is to target 2.7% in 2015. Eurozone bonds should also sell off in 2015, they seem to be in a bubble. I think the 10 year bund yield could reach 0.70% in the rest of 2015.
EUR/USD and USD/YEN broke my targets of respectively 1.05 amd 1.20. So my new target for the EUR/USD is 0.95 in 2015 and for the USD/YEN 1.35 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 New FX Targets!
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