Dear Reader,Non-farm payrolls in March in the USA were weak. I expect a very weak GDP reading for the first quarter of 2015. Overall, I forecast US GDP to grow no more than 2.5% year on year in 2015. Actually, I think the growth year on year of US GDP for 2015 will be closer to 2.0% than to 2.5%.That […]
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 […]
Dear Reader,Gold broke briefly 1200 this week. Gold is about to target 1050 in 2015. EUR/USD should target 1.05 in 2015.US stocks should fall 20% measured by the main indices from the current levels. US Tech stocks, especially nonpublic venture capital backed, are in a bubble, along with biotech. Both should decline more than 30%.The disruption that the forecasted fall […]
Dear Reader,US stock markets end January 2015 in minus. The correction should exceed 20%, tech and biotech stocks will fall more. EU stocks should finish 2015 in minus as well. Gold should fall with a target of 1050 USD. EUR/USD should touch 1.05 in 2015.Shale oil and gas plays in the US seem a good value play at these levels, […]
