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本帖最后由 greenback 于 2013-6-30 11:51 AM 编辑
The market is following our prediction last week ... the equity action can be viewed in the eyes of bulls at least as a consolidation starting this week. Overall it's still too early to be net bearish in your intermediate-term investment decision.
On the other hand, whether equity will make a new all-time high is another question. My take is that the chance is low given the evidences so far. The reason is simple: the upward momentum is weakening.
That's why we have been buying dips and selling bounces ... One high-probability trade since FED's new policy announcement, though, is to long USD. This seems to be the only hedge that can be used to balance the downward risk in both equity and bond. We are surely in a very unusual time!
Next week is full of data, so we don't pretend we can predict the outcome. Again, the "bad-news-is-good-news" will still be in play. This in part explain why we are doubtful a new all-time high is possible in the short-term. Thus, the main theme is still consolidation as the best scenario for bulls. |
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狗仔卡
发表于 2013-6-30 10:45 AM
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发表于 2013-6-30 02:20 PM
