Grace Century, an international research and private equity company based out of
While these extended and revised annual global and regional financial predications are available in detail to Grace Century members, the company has released a brief overview to the public:
Most banks have seen multi-year highs in their equity prices. We expect the banking sector to remain firm.
As predicted, despite rising rates in 2013, and briefly touching 3% in the U.S. on the 10 year bond, we saw an overall weakening of the U.S. Dollar.
According to Wolf, "We got our early surge in the Euro vs the Yen past 140, however we still have not seen any meaningful stock Market correction. This shows the amount of money waiting for the drop and thus underpinning support."
Stock Market Indices'
As previously stated, Grace Century feels that the Markets are a freight train, and one not to stand in front of. Dividend hunters have had no where else to go but to dividend stocks. The Market has ignored macro geopolitical crises in
The Market of course is contingent upon interest rates with the exception of locations such as
Gold & Oil
As warned, prices have stayed in a range. The real risk, after the recent turmoil and lack of reaction, is now downside. We would still not buy metals, and if owned, we would sell half of the holdings. The world unrest will continue to underpin gold, but we still really don't see any reason to buy it, or sell it. As far as Oil, unrest did push prices higher but not anywhere close to what one would expect. This is because other producers will make up the shortfall from any Iraqi/Syrian disruption. We continue to look for opportunities to the downside and maintain our
Grace Century reiterated, "These are our opinions and we recognize that some are contrary to Market's opinion."
About Grace Century
Read the full story at http://www.prweb.com/releases/2014/06/prweb11965249.htm
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