Weekly Market Wrap: Slowing Growth & Earnings in the US?

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US nominal growth is experiencing a significant deceleration, as evidenced by declining services PMI and lower momentum of Non-Farm Payrolls, with a negative rate of change for real growth and moderating wage growth indicating negative inflationary pressures.

Inflation in the US is currently affecting services the most, which is where nearly two-thirds of consumer spending goes.

Services include housing, insurance, healthcare, education, travel and hotel bookings, subscriptions, streaming, telecommunication, haircuts and more.

Inflation in the Eurozone is increasing due to excessive printing of real-economy money and a relatively inelastic basket of goods and services.

European core inflation may lag US core inflation by 6 months but it is expected to continue to increase over the next 3-6 months, which will force the ECB to be hawkish.

The Chinese economy is experiencing a significant reopening, which is expected to boost growth and force Emerging Markets fund managers to reallocate to China and other countries.

This push from the Chinese reopening is offset by the pull of a deteriorating global growth and inflation picture.

In light of these mixed news, has the stock market bottomed, or was the recent rally a bull trap?

Stayed tuned in our “Daily Trading Signals” private Telegram channel!

 

[Photo: Cappadocia, Turkey – See my full travel photo log!]

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

• Forex, CFDs, commodities, bonds
• US stocks, ETFs, global stock indices
• Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

 

Weekly Market Outlook Video

Weekly Market Outlook (15 January 2023)

1. Bearishness of USD – might be oversold
2. No clear direction of US stock market
3. Bullishness of China stock market
4. Watch for TLT as early indicator
5. Crypto market reversing?
6. CNY market slowdown
7. Soft landing or recession?

 

Portfolio Highlights

Weekly Portfolio Updates (15 January 2023)

Not much changes, but this week I could be doing some rebalancing, which I will update when it happens.

Stay tuned!

 

Forex & Commodities Market Highlights

USDJPY – Congrats to those who followed the trade, prices have hit the first TP!

 

Gold (XAUUSD) – This trade has also hit the TP, congrats to all those who followed!

 

USDSGD – As predicted, prices have fallen to the major support level. Congrats!

Since prices are quite oversold and the support is strong, this will be a good level to have a price rebound.

 

USDSGD is near the 5 year low, and is at the bottom of a wide trading range. Weekly RSI is in the oversold region.

Good chance of a rebound from these levels, which means if you are looking to buy US dollars, now is a good time to get it cheaper.

And if you are planning to fund your trading accounts in USD, you can also take advantage of the good conversion rates now.

 

AUDJPY – Continuation of the downtrend

 

Stock & Bond Market Highlights

What if don’t get a recession this year?
What happens if we get a soft landing?

 

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!

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If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!