Joel Kruger, currency strategist at LMAX Exchange says that:
US Presidentials are “nothing more than a distraction from the primary headwind for the global economy, which is exhausted central-bank policy that can no longer artificially support investor sentiment”.
Kruger also notes that investors can kiss goodbye any remaining hopes of meaningful U.S. stock rallies this year.
He points that we are transitioning from a market that has been very much ‘buy the dip’ to a market that will be looking to sell rallies.
Based on Barbara Kollmeyer's article
US Presidentials are “nothing more than a distraction from the primary headwind for the global economy, which is exhausted central-bank policy that can no longer artificially support investor sentiment”.
Kruger also notes that investors can kiss goodbye any remaining hopes of meaningful U.S. stock rallies this year.
He points that we are transitioning from a market that has been very much ‘buy the dip’ to a market that will be looking to sell rallies.
Based on Barbara Kollmeyer's article