Ed Moya – Is The Optimism And Bounce In Many Markets Justified And Here To Stay?
Ed Moya, Senior Market Analyst at OANDA, joins us to review the continued bounce in most markets, despite a great deal of economic data continuing to be weak, including some recent earnings reports, and thus it is causing many economists to still be concerned about a recession and economic slowdown. We review the upward trends in a number of sectors from US general equities, with the tech sector leading the way again, to the cryptos, commodities, and precious metals.
There seems to be a risk-on attitude and bullish sentiment in the markets, despite many of the economic red flags, and for now investors are still piling into the rally that has been going on the last few months. It’s a very different year so far than last year with more investor enthusiasm and complacency with regards to the poor economic backdrop. The question remains of whether this surge higher is justified and if the bull market is here to stay?