Weekly Review: Healthy Correction Needed (Read for Fundamentals)
I believe this recent correction in the markets is more of an eventual profit taking event rather than a structural adjustment. The technology sector still offers growth potential in the medium term. It is logic and healthy for the market to correct after such a strong bull run.
Looking forward into the new week:
1.Central bank meetings
No change in interest rates expected, will maintain dovish position.
2.Indicators
In macro terms, indicators will keep recovering.
Lateral week is expected consolidating the levels from previous weeks. In medium term, slightly more bullish position despite big volatility also being expected.
Looking forward into the new week:
1.Central bank meetings
No change in interest rates expected, will maintain dovish position.
2.Indicators
In macro terms, indicators will keep recovering.
Lateral week is expected consolidating the levels from previous weeks. In medium term, slightly more bullish position despite big volatility also being expected.
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