Clem Chambers, Founder of ADVFN, joined today’s Tip TV Finance Show to discuss S&P 500, EUR, Oil and Gold markets.
S&P 500: A smooth trade
With respect to other markets, S&P 500 remains a smooth trade, notes Chambers. He adds that US rates and USD remain the driving factors, and the index has seen buying pressure in the after-market hours.
The equity index has moved sideways for a year and remains in a gentle bear market, having been support by the central bank QE, according to Chambers.
Chambers explains how the transmission mechanism from the bond market is driving the equity space, and there exists no growth in the market due to the over-regulatory nature.
On the EUR, he notes that the weakness for the single currency is around current levels, but there is plenty of room to short EUR/GBP. On forex, he suggests playing the key levels.
Commodities: Cheap oil is a self curing problem – Watch the video for further insights.
He concludes by highlighting the value potential in giant oil stocks and even the hammered down Volkswagen.
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