Macro Morning (Trading Week)

By Chris Becker

So we’ve had pretty much the biggest shakeup to risk markets in nearly five years with the election of Donald Trump in the US presidential election. And that means the next four or so years are going to be VERY interesting to say the least! As is usual for Monday morning, I’ll step back and take a bigger picture view of each market, more important than ever…

Looking at Asian stocks first, where the Shanghai Composite has now bursted out of a long sideways funk, converted into a bear market rally after breaking above resistance last week. With this move my next target is 3400 points, possibly with an overshoot to the previous highs: