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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (24953)	12/15/2016 2:02:17 PM
From: John Pitera	Read Replies (2) \| Respond to of 41020

Hi ggersh..... are you and bob modifying the spread on your fantasy football playoff spread -g- I believe we have that lunch date at Micky D's still pending.. BTW..... Bloomberg continues to have monthly articles on how week London and UK real estate is.... as the Global Capital of the financial world fragments and drifts away to New York, Zurich.. as the uncertainty of what a Brexit actually is...... On a more upbeat note Reuters had a good read from this past week.... some good analysis by Citi. *I think they are exactly correct on being overweight equities in the US and Japan..* with the huge fall in the Yen ...... the export numbers are going to skyrocket for Japan I am almost positive that that the 23 year secular bear market in Japan that started in 1990 ended a couple of years ago.. And their market is in a 3rd wave surge looking at a long term monthly chart. The bear market downtrend lines are broken and the Nikkei is riding up it's rising 50 Month MA..... as secular bull markets do..... also some good money flow momentum buy signals in place. The consensus among forecasters had been too gloomy well before Trump's election last month electrified markets with the promise of fiscal stimulus via tax cuts and infrastructure spending. But it's not just soundings from the United States that have been underestimated amid the political noise, leading Edinburgh-based Standard Life Investments to refer this week to the "quiet strength" of the world economy. A range of Economic Surprise Indices compiled by Citi have all turned positive this week for the first time since February 2014 - almost three years ago. And a dive into the data shows how widespread the resilience has been. This is only the 16th time since comparable records began in 2003 that all eight indices - U.S., euro zone, Asia Pacific, Japan, UK, emerging markets, China and G10 nations - have been in positive territory. The euro zone reading is the highest since October 2010. GRAPHIC - Citi's Economic Surprises Indices: reut.rs/2gomfyU A surge in optimism among investors in the month since the U.S. election - apart from on the bond and some emerging markets - has been remarkable given the previous consensus on Trump. Economists at Citi, led by chief global economist Willem Buiter, warned about the risks of global recession for most of this year and in August said a Trump victory could cut world growth by 0.7-0.8 percentage points. They said this would "easily" push growth below the 2 percent threshold that indicates overall global recession. However, this week, they raised their 2017 global growth outlook to 2.7 percent, up from an estimated 2.5 percent this year. The Organisation for Economic Cooperation and Development is even more optimistic. Last week it raised its 2017 global growth forecast to 3.3 percent, compared with 2.9 percent this year, as Washington prepares to rev up the U.S. economy. "The prospect of a U.S. recession in 2017 has diminished," said Nadege Dufosse, Head of Asset Allocation at asset management firm Candriam, which has around 100 billion euros of assets. "We are therefore overweight on equities, in particular in the U.S. and Japan.