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Global Stocks are poised to hit a record low in 2024

by Tim Straiton
Tuesday 12th December 2023

Global stocks are poised to hit a record low in 2024 as interest rates consolidate at a relatively low level compared to the 15 - 16% level seen in the early 1980's.

Our immediate target for the US 30 year T-Bond yield is 6.54% which corresponds to the Fibonacci 61.8% retracement from the top based on the entire15.19 to 1.19 percent range senn since 1982. With massive government debt and growing risk of default lurking, only a fool would be prepared to finance this folly without receiving an appropriate return on investment.


Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

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