Q4 Is Upon Us!
As we enter the final quarter of 2019 we think it is important to focus on the potential trades and drivers that we see.
We will continue to focus on:
*Fed rate cuts, we think they will underperform compared to the market expectations.
Fridays unemployment numbers will be of interest.
*U.S. China trade: we think a some kind of a deal could well happen.
We think it will be a disappointment for the market.
*Iran and the U.S. could easily flare up again.
President Trump being torn in several directions, low poll numbers, impeachment distraction may inspire
Iran, China and others to test the President’s focus.
*Strong performance by most asset classes the past 9 months.
We think the positive performance will pause and we expect corrections to be the most likely scenario for Q4.
*Global growth is on the slide, All central banks globally are on alert.
Good chance much of the good news is in the market pricing.
The whole process is pretty fascinating.
*Fixed Income yields
Is the Japanese yields ticking higher a warning for other bond markets?
|Ticker||Date Opened||Entry Price||Stop||Target Price||Current Price||% Change|
|Long Mowi ASA||2019/09/20||210.50||205.00||218.00||206.80||-1.76%|
|Short DNB ASA||2019/09/23||162.90||166.00||150.00||156.85||+3.71%|
– Mark W