Is the correction in equity markets over ? Have we completed the bear market ? is there more pain ahead ? These are the questions that investors are pounding after the highly volatile December / January period.
Charts are useful to answer some of the question and a very clear disconnect is now appearing in equity markets while clear trends are appearing in Gold, the US Dollar and the British Pound.
We remain prudent for the remaining of the first quarter.
Bonds remain uninspiring apart from a significant rally in Venezuela Bonds as investors are betting on the ousting of Nicola MADURO.