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Carlsquare weekly market letter: Stock market at a breakpoint with energy and gold in focus

Read the weekly letter here:

Carlsquare Weekly Letter 9 Nov 2022

Carlsquare Weekly Letter

  • The USD has broken down, as we expected. That gives headroom for the stock market on the upside. Winners are the sectors with energy and raw materials, with oil and gold in the lead
  • As repeated every week. We witness a technical rebound in the market that is open to playing. But be aware that it can end abruptly
  • It is US-midterm election day today, and CPI (inflation) in the US tomorrow, giving continued high volatility in the stock market. Take the notion of VIX as it may have bottomed out for now (=> still relatively cheap to buy protection)
  • The chart below from Elliot Wave also shows that a pivot from Fed – when they stop raising interest rates – often is followed by negative periods for the stock market.                                                                                                                                                                                                                                                                                                                                                                                                     


    The information in this presentation is based on what the publisher Carlsquare deems to be reliable sources. However, we cannot guarantee its content. Nothing written in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option or the like. Opinions and conclusions expressed in the presentation are intended for the recipient only. The content may not be copied, reproduced, quoted, or distributed to any other person. Carlsquare shall not be liable for any losses whatsoever caused by decisions made based on information contained in this presentation. Historical returns should not be taken as an indication of future returns. Changes in foreign currency may affect the value, price, or yield of an investment made abroad or in a foreign currency.

    The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be disseminated to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter:  Stock market at a breakpoint with energy and gold in focus