Sunday, February 4, 2018

Week Ahead 6

This week we saw the fist meaningful correction for a long while. On Friday the selloff was very intensive suggesting that it is not over yet.  

US yields are rising especially the long end. It seems that these levels are starting to tangibly hurt stock valuations.

This holds true for Europe as well.

Commodities changed very little relative to stocks.

Gold formed a double top while failed to reach the Jul '16 high.

USD showed some sign of  life on Friday but still well bellow important resistance levels.

AUD was the worst performer last week.

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