Marc Ostwald, Market Strategist at ADM Investor Services, joined today’s Tip TV Finance Show along with Zak Mir, Technical Analyst at Zak’s Traders Café, and Mike Ingram, Strategist for BGC Partners, to speak on the markets fixation with ECB, the central bank forward guidance concern, and about investment opportunity in Emerging markets.
The ECB fixation
Ostwald says that market is totally fixated by the ECB meeting, which will likely be a watershed event. The expectations are too pumped up, with market expecting a 20 basis cut in the discount rate and an extension of the QE timing, risks for which are tilted to the downside, believes Ostwald. He adds that there is an internal battle in the ECB, and the markets are relying too much on forward guidance.
Investors still bearing scar of Q3, Opportunity in EM
Ostwald comments on the complex situation for stock market investors, noting that we either have people who have done quite well in the markets, and others who are looking for a desperate situation to capitalize on. He further highlights key EM areas worth investing in. Watch the video for further insights.
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