Bloomberg Radio “Taking Stock” with Pimm Fox | Charles Nenner Gives Update on the Stock Market

Dr. Charles Nenner provides an update on the stock market (SAP, sell signals on the Hong Kong market):

• The long-term cycle has turned down and is waiting for the short-term cycle to decline;
• The banking index (going to be among the weakest sectors);
• Bank of America does not look as good as they claim;
• Gold stocks look more favorable at the moment (than gold itself);
• Crude oil (the major cycle is positive);
• US bond market (for the moment, we see a bounce, but rates will rise again shortly);
• Currency (euros, dollars, yens, Australian dollars);
• Copper (anticipating a lower price).