FX:EURUSD
Better economic growth than expected (EU area)
Energy crisis is politically postponed to winter 2024
Hawkish ECB stance: Not particularly aggressive, but certainly longer lasting than the Fed
Fed slows pace of rate hikes signaled by FOMC dot plots
Undervalued versus other currencies
Extreme dollar long positioning
COMEX:SI1!
Deficit in Supply
Inflation Hedge
Weaker Dollar is plus
Huge performance divergence to Gold. Possible catch up ?
Silver demand is forecasted to double
Historically cheap
Industrial use increases
Long term buying opportunity with a first price target of ~30 $
SP:SPX
Inflation has peaked. Leading indicators point downwards.
US Economy is relatively Strong. Soft Landing?
Positioning and Sentiment is very bearish.
FED is signaling a slower Pace + they are closer to a neutral rate.
EPS have been downgraded so that there are room for surprises.
Valuations look fair in a historical context.
Bear Market...
