Is the EU About to Collapse? Stocks Don’t Think So
Politics / European Stock Markets Jun 02, 2018 - 03:04 PM GMTThe “Italy Crisis” is over.
I know the headlines read as though Italy was collapsing and the Euro is about to implode. But the headlines are reporting on yesterday’s news.
The collapse of the Italy government means a new election. That, in turn, means a pro-Euro politician heading Italy. And that in turn means the Italy Crisis is over.
By the way, if this was a FULL-BLOWN panic… Italy’s market wouldn’t be trading at “April 2018 levels.” It would be making new lows. It isn’t. It’s at critical support after running up over 75% this year.
That. Is. Not. A. CRISIS.
Instead, we are about to move into a “white swan” move in which the S&P 500 bounces off of support and makes a run to 3,000+ this summer.
This is the “White Swan” I’ve been forecasting since end of March 2018. It will mark THE blow-off top for the markets.
And we all know what’s going to follow.
On that note, if you are growing concerned about the current Central Bank created bubble bursting…. we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike when the Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:
https://phoenixcapitalmarketing.com/TEB.html
Graham Summers
Phoenix Capital Research
http://www.phoenixcapitalmarketing.com
Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and unde74rvalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.
Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.
© 2018 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Graham Summers Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.