July 14, 2019
Weekly Market Outlook
By Keith Schneider
US Equities markets continued its melt up +.75% on average , hitting new all time highs in three out of key benchmarks while interest rates sold off hard after a dismal bond auction.
Economic data points to a slowing global economy with China’s exports declining as imports plunged. Singapore’s economy is shrinking as well which is not a good sign as its generally perceived as a lead indicator for global demand or the proverbial canary in the coal mine.
A fresh breakout in soft commodities, along with strong performance by anything gold related was also noteworthy. Considering that both soft commodities and precious metals are still hovering at multi decade lows relative to stocks it’s worth paying attention to.
This week’s highlights are:
For this week's video click below.
Best Wishes for your trading!
Keith Schneider
CEO – MarketGauge.com
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