UnknownUnicorn11189415
FX:EURUSD Better economic growth than expected (EU area) Energy crisis is politically postponed to winter 2024 Hawkish ECB stance: Not particularly aggressive, but certainly longer lasting than the Fed Fed slows pace of rate hikes signaled by FOMC dot plots Undervalued versus other currencies Extreme dollar long positioning
COMEX:SI1! Deficit in Supply Inflation Hedge Weaker Dollar is plus Huge performance divergence to Gold. Possible catch up ? Silver demand is forecasted to double Historically cheap Industrial use increases Long term buying opportunity with a first price target of ~30 $
SP:SPX Inflation has peaked. Leading indicators point downwards. US Economy is relatively Strong. Soft Landing? Positioning and Sentiment is very bearish. FED is signaling a slower Pace + they are closer to a neutral rate. EPS have been downgraded so that there are room for surprises. Valuations look fair in a historical context. Bear Market...