Sell May and go away? Parliament to assess MSCI WORLD stores the first week of June with a positive change of almost two percentage points, nothing shocking in itself but there are two things I would emphasize:
1) from the lows of March there were 10 closures a week-on-2 positive negative;
2) with the closing of 05 to 714 points on Friday, the MSCI World index adjusted for the second consecutive week the new peak since the beginning of 2009.
share was 700 fatal multiple times during the months of October and November, especially early in the year when, after a hint of a rebound from the lows of November, the market had stopped at 699 and then record new lows in February and March.
is now the market is likely to take a pause for reflection and I would not be surprised to see realized also important, especially because just above (about 750 points) passes the moving average 200 sessions a level which could include, at least temporarily, increases the financial markets
returning to the first week of June we find that Asian markets are still in the foreground, both in terms of percentage change (Indonesia and Thailand 10%, +5% Philippines, India 3%) and in terms Relative Strength (India, China, Shanghai and Hong Kong all in the company of two countries 'oil': Russia and Norway).
The economic recovery, now evident in the Pacific, has revived the demand for energy, therefore, to characterize the month of May was the blaze which affected the price of oil:
crude oil have moved in just over a month, from 45 to almost $ 70 a barrel and the increase in volatility (as evidenced by the enlargement of Bollinger bands) seems to indicate that the race is almost expired.
this increase could trigger inflationary currently not provided by central banks, the effects of which are protecting the financial markets through the purchase of precious metals:
is the case of gold, which is again affecting the maximum around $ 1,000 an ounce
or platinum in the uptrend seems to take effect:
in my opinion, both metals may be considered as an object of investment.
for equity markets, while the price movement continues to suggest a continuation of the uptrend assessments and other indicators suggest some caution.
one hand, the positive signals coming from:
1) the gradual recovery in prices of corporate bonds, a sign that the financial community sees a positive expectations of default;
2) is the index CRB commodity is the Baltic Dry Index will continue the upward trend
3) assessments of the S & P 500, based on P / E of Shiller, indicate quotations undoubtedly attractive in relation to the average of the last 20 years
down ' other aspects of caution:
1) reduction in volatility and volume, indicating a possible exhaustion, or at least slow, the current trend
2) the spread between yields on U.S. government bonds to 10 years and remains at 2 years 'on call': symptom that financial markets expect further confirmation regarding the economic recovery, especially investors want to get some light on what the consequences of the massive government interventions to support the economy
