Just How Big is the Risk Right Now?
- Clifford Bennett, Chief Economist | World’s most accurate currency forecaster at ACY
- 22.02.2022 03:15 pm undisclosed , Clifford Bennett has over 36 years of market trading experience and was named the 'World's most accurate currency forecaster' by Bloomberg New York. He has advised some of the world's largest organisations, billionaire investors, and political leaders and spoken at the prestigious APEC summit on reserve currency issues. Clifford is the Chief Economist at ACY Securities.
We remain in Free Fall risk territory. As previously mapped out.
Keeping it simple for many months now: Sell Equities. Buy Gold. With Russia/Ukraine conflict an unfortunate powerful accelerant to our already previously held view.
The Australian market will see increasing pressure against the 'safe haven/buy mining stocks' view of things.
South Korea begins to slump again.
Consumer Morale slips to a six month low as we have seen in other parts of the world. Generally though, Asia from a consumer perspective is greatly out-performing the US and Europe.
Big Picture charts and outlook for major markets are covered in today's video.
The key take-aways however are that Stocks can fall a long way. Think 1,000 points off the SP500 and AUS200.
That is the risk. This is happening.
Gold, we have served well, in warning people to keep buying for the past 8 months.
This year's target was $2,500, before Ukraine happened.
Late this year or next, expect $3,500.
Yesterday's Power Update.
Clifford Bennett
ACY Securities Chief Economist.
The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities.
All commentary is on the record and may be quoted without further permission required from ACY Securities or Clifford Bennett.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
