IIFT Daily Note with Peter Brown

Market finding it’s feet.

Posted by:  |  Time: 8:14 am  |  Topic:
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It is going to take the rest of the week for the market to settle down into the New Year. Some speculation about that the US equity market is fully valued at these levels. Might be for the time being. There is the possibility we range between 1840  1800 for a month or so but it is a bit early to call that one. Overall the market is supported by the low interest rate agrument and will be so all year.

Today is quiet for news so a little less volatile that yesterday. Dollar supported and gold doing well.

Levels are  Euro 1.3650  1.3570  S&P (MAR) 1833  1817  Wall St (DFB) 16540  16420

market conditions  Choppy

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