Small selection of charts I am preparing / using in my next Steen's Chronicle & presentations…..
Core views:
US bonds will outperform Europe =è Rising EURUSD…
Yield and growth will reach low in Q1/Q2 2015
World growth w. copper leading three months = 1-1.5%?
Ratio of 10 Y Germany yield / 10 Yr US rates rebased to Index 100 benchmark.. Ie: Since ECB bunds TRAILING ….
Copper breaking down – also testing weekly and monthly: Hat-tip Matt.
My old simple chart: observe correlations btw. Growth trend & copper trend
Jobless claims as fraction of labor force – not all good news? St Lois source… Note the coindicidents of 20% reached in 2000, 2007 and 2014….?
Bunds tested support later today… for now its "safe"…
US yields still the most attractive in G-7… observe "mean-reversion"?
Is this why we should contemplate ECB actions as being bullish for inflation and hence EURUSD?
Asian growth continues to underperform…and to my surprise its now 40% of global GDP…
Med venlig hilsen | Best regards
Steen Jakobsen | Chief Investment Officer
Saxo Bank A/S | Philip Heymans Allé 15 | DK-2900 Hellerup
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