Weekly Review
- Markets keep going up
- Keep correcting the downside from 2018 that did not make sense
- Markets are bullish but the volume is lower so the vulnerability is bigger
- Negotiations between China and USA
- Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer
- We should receive some good materially this week
- European macro keeps weakening
- Manufacturing data are below 50 for the first time since 2013
- This week there is not much macro
- ECB should speak and explain their position in regard of this economic slowdown
- When ECB tells what they are going to finance will be positive for the markets
- Keep an eye on both the trade talks between China & USA and the ECB
- Also, there is a meeting between USA and North Korea that will be more constructive than destructive
- Strong American macro-data can indicate that the economy can keep increasing
- American GDP is expected to be 2.5 which should be good
The most important factors to take:
- A constructive talk between USA and North Korea
- Progression in the talks between USA and China
- ECB starts talking about the stimulus package
If there is not any displeasure markets should keep the bullish trend, however, watch out for the volumes as they are lower.