Excerpt:
Strong jobs report dampens the probability of a rate cut in July. Bulls are disappointment. We expect a short term pullback.
You can find the article under ‘Market Analysis’ on our website.
Happy trading.
QuanTimer Dot Net.
1 Like
Yes absolutely and thank you I will read your report. Better US macro data will be a negative on the market now - going forwards also. I strongly believe that the Fed will not cut in July and neither the next meeting, unless we start to see a deterioration in earnings and then prices need to drop first. All the recent buyers may have been sellers exiting the market to then wait for a new opportunity and it may not be long looking at the recent market moves. To buy most equities at this level (and especially US tech) is premature and we should expect at some point US tech companies earnings to cool first and then hope they recover in Q4 when the retail sales are in full flow but we will not see this until Q1 2020. This is a long way off.
Hi Robert,
Thanks for taking the time out to read the report. We are bullish in the intermediate term, 3 to 6 month time frame. We believe, the short term pullback will be buying opportunities. In any case, we will let our algos decide how to trade. They do a far better job than our subjective opinion about the market.
Cheers.
QuanTimer.
1 Like
