The wide U.S. stock marketplace (New York Stock Exchange Composite Index; laissez passer on off chart) has been making lower highs, exactly other equity markets convey been inwards meaning turn down since mid-year, including EuroStoxx (FEZ; instant nautical chart from top); non-U.S. shares (EFA; tertiary nautical chart from top); in addition to emerging markets (EEM; tertiary nautical chart from bottom).
At the same time, we've been seeing a sudden turn down inwards crude prices (USO; instant nautical chart from bottom) in addition to dramatically declining yields at the long halt (TLT; bottom chart). H5N1 mutual topic amidst these markets is deflation. My trouble organisation is that a capitulation leg downward inwards crude from hither would Pb to a like risk-off leg amidst stock markets, including the U.S., reflecting concerns regarding possible global recession. An update on the breadth in addition to other indicators volition expand upon this idea.
Further Reading: The Challenges of Disinflation
.
No comments:
Post a Comment