Here are the big takeaways from Jeffery Grundlach's recent talk. See what he thinks about gold. Wages rising, dollar weakening, profits under pressure and outlook for gold sounds like a scenario for a little inflation on the horizon especially with a wait-and-see-reactionary Fed.
- There is no reason to be bullish on oil over the long term.
- Interest rates could move higher but 2016 is a year to "wait and see" and then react to the markets rather than make a bold call.
- The dollar's rally is probably done for now, especially in light of how consensus says the dollar is continuing to rally.
- Wages are going up and profits are going to remain under pressure.
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