I am still bullish on the US markets. I do not believe a recession is going to happen this year. The yield curve inversion hysteria promoted by the media last month is nonsense. These people do not know what they are talking about. There are zero signs of an imminent recession. The consumer is healthy. The credit market is healthy. No stresses are forming. US stocks posted their best first quarter performance since 1987. The doom and gloom websites are going to be wrong…again.
I am still a bull on the Chinese market. Chinese data, for what it’s worth, is turning positive. Entering the Chinese market is low risk high reward. Same for the emerging markets.
Europe is still a disaster. I have no interest in it. The bureaucrats should just recap the banking system or let everyone default. This has been going on for 10 years now. At some point, these band-aids are not going to be enough. It is hard for me to believe that during the next global recession, the Euro will survive in its current form.