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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (138954)2/5/2018 10:18:55 PM
From: carranza2  Read Replies (2) | Respond to of 217603
 
Macallan? It’s gotten absurdly expensive, almost a collectible.



To: bart13 who wrote (138954)2/5/2018 10:19:09 PM
From: TobagoJack  Read Replies (1) | Respond to of 217603
 
i am in agreement w/ the below read

let us see what value surfaces

bloomberg.com

Strategist Who Called Stock Slump Says It Will Be Short-Lived
More stories by Livia YapFebruary 6, 2018, 9:03 AM GMT+8
Peter Garnry of Saxo Bank sees market decline of up to 10%

But Garnry says Treasury yields are not yet in danger zone



People walk by the New York Stock Exchange on Feb 5.

Photographer: Spencer Platt/Getty Images
Peter Garnry said two weeks ago that global stocks were headed for a correction in the second half of the first quarter. While the head of equity strategy at Saxo Bank didn’t get the timing exactly, his alarm bells on the run-up in equity markets were on point.

Now, Garnry says the declines are likely to be short-lived as U.S. 10-year Treasury yields haven’t reached a worrying level.

“We believe this is a healthy correction in equity markets but also likely short-lived as the higher US 10-year yield is still not in the danger zone,” Garnry said in an e-mail. “That area is more likely in the 3.5-4.0 percent range.”

The S&P 500 Index fell 6.2 percent in two days, its biggest such decline since August 2015, after yields on 10-year Treasuries climbed to a four-year high of 2.84 percent on Friday. Markets across the globe were sucked into the selloff, with the Stoxx 600 Index declining for a six straight day on Monday and the Nikkei 225 Stock Average falling more than 10 percent from its January high, poised to enter a correction.

Still, Garnry says it’s too early to predict a bear market.

“After the correction, equity investors will likely buy into the inflation story and bid up equities once more, which is a classical late-cycle behavior which we last time saw in 2007,” he said, adding that the decline in global equities could extend to about 7 to 10 percent.