An oil bear warns United States stocks came under heavy selling pressure

Leave a Comment


One expected crude oil within the next decade may fall to $10 a barrel, investors are now warning that this summer, the United States stock market may suffer a lot of selling pressure.

Fasanara capital Chief Executive Francesco Filia told CNBC that the company, the stock market appears to be too expensive, and there are many risks. "We are still conservative and very worried about the stock market.

Would have a better entry point, the month of June will be under heavy pressure, "he said on Tuesday. Francesco Filia said in a report this month, the dollar could continue strong, which could let a global stock market rally atmosphere for the disruption, including the S&P 500.

Further dollar strength could impact on oil markets and emerging markets.

Tracking the dollar against a basket of six currencies, the dollar index, close to two-month highs on Tuesday, as investors expected United States Federal Reserve (Fed) is likely to raise rates this summer has increased. Francesco Filia, said: "the next few months, the dollar might rise for a period, United States current-account deficit, and Japan's Central Bank and the European Central Bank may launch initiatives, will help the dollar.

He's negative Outlook, was opposed by Fundstrat global consultant company founder Tom Lee, Li Tangmu and said the dollar's gains are over. "Inflation is rising, commodity prices are bottoming out.

Dollar will not rise further, "Tom said Lee told CNBC on Tuesday. "Higher bond yields may be the most important focus of attention.

This shows that the stock market can occur up to two-digit increase this year, "he added. Tom Lee and said that the stock market is ready for the Fed to raise interest rates.

"The stock market has reflected the sharp tightening," he said. Earlier this month, Francesco Filia told CNBC that, if within the next ten years, crude oil fell below $10 a barrel, he would not be surprised.

He said global crude oil demand will slow progress of science and technology will increase the supply of crude oil.

Francesco Filia and warned that China's recent level of borrowing and unsustainable, he pointed out that the Yuan/dollar price has dropped to a low point since 2011. Even worse is that Francesco Filia's report also stressed that the European banking industry continued to struggle with the pressure.

0 意見:

Post a Comment