Macro talk – Quarter end book balancing underway, in a multi-year bull market – ADVFN
Sep 26, 2016, 02:32 PM
“Volatility is on the rise due to profit taking/quarter end book balancing”, says Clem Chambers, Founder and CEO of ADFVN while talking to Tip TV’s Zak Mir.
Key points
Profit taking underway, quarter end book balancing… Volatility could rise, expecting weakness in the last week of the quarter.
Shorts tend to close a day before and end of the month.
We have transitioned from end of expansion of QE to maintenance of QE
Fiscalism if happens will be good for equities
We are likely to see 4-5 years of bull market
Trump getting-in would be bearish