A few back reports from a few days ago that I wanted to post up prior to posting their latest in the next 48hrs.
Here SC private bank with their “MM” view. Its fairly bullish stuff which is the consensus view of course.
A general comment would be its a very middle of the road set of allocation recommendations this. The SC team are cautious and steady here. Unfortunately for their clients life is seldom so steady. Their super consensus strategy is more risky than they realize.
And here CS Private Wealth. A better report imo, inc
“Gold is hovering close to its key long term 200-day moving average. A longterm
trend reversal might be in progress. The technical momentum picture has improved
significantly. Short- and medium term momentum indicators both favor further
strength.”
And here JP Asia
And here an interesting read from JP re fund flows in particular the fixed income/equities flows.
And here the JP EM Equity team. I would comment watch the Russian index and the Ruble. Oil is moving on up and the oil producers are performing and close to a cyclical breakout of their technical charts. The Russian indexes are all about energy. Gazprom recommended here and Id add Lukoil amongst others.
Much much more to come inc a set of bullion tech and reports. Allocators are gradually waking up to the asset class although as we know some heavy allocators have been active in the bullion miners for some time!
All the best
Rich