Investment Markets Overview — W/E 20th March 2015

It was always going to be a volatile week for the financial markets, as aside of the omnipresent backdrop of Greece and Ukraine, there was the Fed statement following the two-day FOMC meeting, quadruple witching for futures and options on Friday plus the Vernal equinox, the point when the Sun crosses directly over the Earth’s equator, as well as a total solar eclipse. In the event there was little news on Greece or Ukraine, Aunty Janet at the Fed replaced the word “patient” with the words “reasonably confident,” Fed-speak for “there will be no rate hike until inflation moves back over the 2% level,” a phenomena unlikely anytime soon with US CPI having just gone negative. The word change was sufficient to reverse a 150-point loss for the Dow at the announcement time, to a 400-point jump prior to the day’s close. This and the quadruple witching powered global stocks to their best weekly gain in nearly two years and was also a week providing trend reversals within the currency, bond and commodity markets. As for the solar activity, there is further comment below.

20 March 2015

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Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

On the solar front it was a great week for sky-watchers, as the Vernal equinox ……

Charts:
1.  Indices Weekly
2. US Housing Starts V US Housebuilder Confidence
3. UK Unemployment V UK PSBR
4. China Stocks V New China Stock Accounts
5. Commodity YTD  Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

“Cycles are ideal vehicles to Ride.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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