PRIOR WEEK MARKET MOVERS: ONLY ONE PRIMARY MARKET DRIVER
Meanwhile, the low volume rally of past months brings risk assets back near strong resistance of multi-year highs
A brief prior week recap and wrap up for traders and investors of all markets, for both spot and binary option instruments
In the end the week saw a modest low volume gain for most risk assets as markets accumulated miniscule but steady gains over the course of the past week. Here are the primary market movers.
Asia, EU, US all higher on combination of:
- The after affects of the US beating forecasts on jobs and GDP keeps slow recovery theme alive
- Hopes for EU help for Spain/Italy
All Regions Up Mostly On Stimulus Hopes
Asia, EU, US all mixed, modestly up down on quiet day, as EU fears balance stimulus hopes on a quiet news day.
Asia EU, mostly up on ECB, US flat/higher on same plus addition of poor China data, which feeds China easing hopes.
Most global indices little changed overall end mixed as markets balanced between:
- Bullish: Hopes for new central bank stimulus from the ECB, PBoC, or Fed. Thus far stimulus programs have at best solved nothing except provide temporary relief and risk asset rallies, and at worst are making the likely ultimate wave of default far larger and more dangerous as governments and banks are loaded with more debt, more bad debt, and more debased currencies.
- Bearish: Poor China trade data, EU lack of progress which means next crisis edges closer with the EU no better prepared for it, exhaustion of short cover rally.
See here for a full analysis of the lessons for the coming week from last week’s market movers, their ramifications, and what to do about them.
Note: Should the central banks yield to pressures for more currency-debasing stimulus, then those with assets denominated in the most widely held currencies (USD, EUR, JPY, GBP) need to assets in a more diversified group of currencies more likely to hold their value. For simpler, safer ways to do that then generally found in currency or overseas investing advice, see here.
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DISCLOSURE /DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY, RESPONSIBILITY FOR ALL TRADING DECISIONS LIES SOLELY WITH THE READER.