Time for short term traders to take profit
Time for short term traders to take profit. Why (1) Valuation stretched (2) Volatility index in US and Aus aligned at historical low levels (3) Banks ex dividend (4) Lacking macro catalyst (5) Risk in China and Europe...now waiting for stimulus (6) Recent recovery on low volume (7) Cost of growth is at historical high level (8) Bond yields are pulling back (9) Commodity prices remain volatile (10) Fund managers are holding substantial amount of cash and standing back (11) Fridays historically are sell days (12) Budget adds to the uncertainty (13) What would Putin do? Anything he wants...but in this scenario...TAKE PROFIT Long term - Remain positive
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