Report

Analyst Pin-board Equity market correction?

  • The S&P 500 Index closed below 4500 on Friday (Sep 10). We look for a 31.8% Fibonacci retracement to 3750 (Figure 1) in the next few months. US stocks are overdone.
  • The bond market is telling us that inflation is not a ‘transitory’ phenomenon, as various central banks are trying to say. It is a sticky issue.
  • South Korea’s central bank raised its base interest rate late August after 15 months of keeping it at a record low. Brazil and Russia have already raised interest rates three times this year. China has been in a tightening mode while Mexico, the Czech Republic and Hungary have all just made their first moves in years.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Son Tran

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