Markets – indecision reign supreme

Posted: June 3, 2016 in Uncategorized

Well that is the situation. I have seen Blackrock Investment Management in three weeks changing from Underweight US Shares, to Overweight and now back to Neutral.

And practically every other investment strategist has the same position.

With Fed hike, potential Brexit and another round of Greek negotiation looming – plus oil in a no man land …the models simply cannot cope.

For me …there is a small positive bias – but a drop can break it. If it does consolidate above 2,000 it sets up a very positive position. But that is  big IF.

So …too dangerous to play…now it is literally like playing at the casino. Probably Brexit will illuminate the road for us.

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