Morning Report Thursday 30 July 2015
The Fed Signals Rate Rises are Approaching and Markets Remain Relaxed
Markets generally rotate in a random manor without any major trend 80-90% of the time. However it’s in the 10-29% of the time at extremities, that we believe are occurring now that excellent returns can really be generated. When markets are evolving and potentially approaching major inflexion points, we must remain totally focused for optimum investment / trade location, hence current reports are very specific on the now, as opposed to standing back and considering the larger macro picture for the ideas of the future. Last night Janet Yellen, the US Fed Chairwoman, said they are likely to raise rates in the US later this year for the first time in almost a decade, but equities remained relaxed, with the Dow rallying 121 points. We remain sellers of stocks in general into this perceived last rally.
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