Monday, 15 December 2008

Short term neutral on the Equity Market; USD to continue weakening

The market rebounded strongly on Friday, suggesting that the Thursday/Friday drop could have been the pull-back we were expecting. However, its extent was too deep to remain a comfortable bullish stance. We are therefore turning neutral and awaiting clearer patterns in Equities.

Commodities are to continue to strongthen; USD to weaken.

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