As the market looks to open sharply lower and on the heels of China’s slowing GDP data released on Sunday night, Finom Group continues to scan the volatility complex and other sectors for daily/weekly trading opportunities. Before we discuss our trading and trade alerts, let’s look at what China announced.

China on Monday announced that its official economic growth came in at 6.6% in 2018, the slowest pace since 1990. That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner.

Economists polled by Reuters had predicted full-year GDP to come in at that pace, which was down from a revised 6.8 percent in 2017.

Asian equity markets fell in the overnight trading session and European equity markets are following suit, but somewhat different reasons.  IMF Managing Director Christine Lagarde said the IMF modestly cut its global growth forecast for 2019 to 3.5% from 3.7 percent. Speaking at the World Economic Forum in Davos, Switzerland, on Tuesday, she said the move was due to the high level of economic risks that are accelerating around the globe. These include the U.S.-China trade war, Brexit and China’s slowing economy.

“Six months ago these were threats, but they were not at the level of magnitude we have now,” Lagarde told CNBC. Now we are seeing the ripple effects these issues are having on the global economy, she said. Among them: tariff increases that are shaking up markets and boosting volatility particularly in advanced economies. “There is a compounding effect to all this. Market values have changed dramatically over the last few months.”

Sizable 2019 growth markdowns were expressed for Emerging Europe, Germany, Saudi Arabia, Italy, Mexico and Nigeria (See Table Below)

Despite the macro, geopolitical and global economic backdrop in 2019, Finom Group has already executed a dozen or more trades that we deliver through our private Twitter feed and to our Premium Subscribers.  Below is a table of all the trade alerts that we generated since December 28, 2018.In 2019 we are off to another strong start to the year, but maintain a cautious outlook given the geopolitical and domestic issues. Upgrade your subscription today to access all of our weekly research reports, technical analysis, our long-term investment ideas and daily/weekly trade alerts.  We think you will find our materials well-researched, detailed and generating value for your trading and investing goals.


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