With
my continuing bullish view on oil and other commodities (and the inflation risks posed by global QE), Russia presents a compelling market opportunity.
Not exact matches
While some investors
view monetary policymakers» aversion toward market jitters (preference to maintain an «anti-wolf» policy) as
bullish risk and argued for
continued bearishness toward volatility, the experience in Yellowstone would serve as a counter-argument that prolonged «risk suppression» would only breed complacency.
Therefore, curve flattener reflects the consensus bearish volatility
view where asset prices
continue to boom under policy accommodation, while curve steepener expresses a
bullish volatility thesis where higher term premium (as a result of «quantitative tightening») would reverse policy - induced private capital displacement and «financial adventurism.»
And while the
bullish EUR narrative
continues to resonate, both bearish and
bullish views will be inevitably challenged with Italian elections, January NFP and an ECB meeting due over the next few weeks so near - term convictions could turn neutral and tarnish the EUR appeal
Since gold is often
viewed as a «flight to safety» play when stocks are weak, it's likely that
bullish momentum in $ GLD will
continue in the near to intermediate - term.
Unlike my individual company stock picks, I obviously have no specific Fair Value Price Target — I'm relying on my
bullish oil / commodity
view,
continued Russian growth (and financial strength), and an improvement in market sentiment and valuation multiples.
This
bullish view is based on the indications on the Ethereum price chart, and as long as the price action remains
bullish, I will
continue to support this
view.
This
bullish view is predicated on a single caveat, that the BCH price
continues to trade above this level on a sustained basis.