gabe borenstein

Friday Outlook: Commodities, Emerging Markets

Yesterday's sell off is just a reflection of a psychological inestment"dissarray".T... great and unexpected GDP data was ignored some weaker data was utilized as an excuse for a sell off .Untill month ago we have heard that the U.S was in recession and the market had adjusted accordingly.The reality isthat the U.S is in the moderate expansion mode on the way to a major rebound.The volatility will continue as a part of a bottoming process as the both weaker and stronger data is digested by the diversity of investors.One thing for sure ,the market bears are always looking for the excuse..
If it is not the crude then it is the agencies or......?
Let's just relax,the August is the universal vacation month .
It is curious that for all of the negative hysteria the FED appears relatively comfortable with the current status quo.
The market had discounted the worst economic scenario
and the major rebound lies ahead.