DBD Strategy Daily - INDICES : monitoring the bullish attempts
Hopes are developing that the correction for Asian indices, Commodities and Banks will bounce durably. Well before the idea of the BoJ helping steepen the yield curve, we had underlined that Asian indices had reached major supports. We set one condition to follow the possible bounce, and that was a symmetrical recovery of the Robo index. This signal has not come yet. We prefer to wait a little longer before committing to a global rally. In the coming weeks, we will update our long-term cycles for you. Let's just say that the low of Equities should be just a few months ahead of us, together with the low on the US ISM. Of course, cycles spreading over decades can easily be off by a couple of months. Usually, end of July is a very poor timing to buy Equities. End of September or mid-October is more profitable. We nonetheless have to be ready to change our mind, as well as to keep looking for confirmations of one more correction. We offer a few assets to watch to make a decision in the coming days.
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