Buenas tardes,de parte de H. Lein,ha estado intentando acceder al foro,pero el sistema no le deja,por lo que me ha pedido que os dejase el comentario.Saludos a tod@s.
Disgruntled Bear?
Stocks Bounced on Tuesday.
That is the only positive narrative that I can see right now because here is the rest of the headlines from the last few days.
Empire State Manufacturing Down -16.64 versus -10.00 consensus
Home Market Index according to Econoday : "Optimism among home builders is cooling noticeably."
China Yuan-denominated Exports Fall 6.6%
Japan GDP Down -1.4%
4 Countries Agree to Freeze Oil Output ...this is the funniest one because there is already an oversupply that is pushing down prices. So freezing production at current levels has no benefit. Plus you have Iran oil about to come online only worsening the situation.
Draghi Prepared to Act ...As history shows Central Banks don't talk like that unless things are getting uglier.
Yes, this commentary could just be the disgruntled snorts of a bear in the midst of a meaningful bounce. Or perhaps this bear is pointing out that the fundamentals don't support the bounce and maybe it's time to duck and cover once again.
You be the judge.
