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Video: Growth, Earnings and Credit Matter for Market Trends

Video: Growth, Earnings and Credit Matter for Market Trends

2016-04-11 23:13:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

  • Fundamentals may not provide immediate satisfaction for volatility, they generally do set trends
  • Global GDP and US earnings are painting a tempered view of potential and performance moving forward
  • The IMF's World Economic Report will offer a quantitative view where qualitative inference has afforded complacency

Having trouble trading in the FX markets? This may be why.

While I prefer to follow practical capital drivers that can often dispute traditional fundamentals, the basic global economic factors are still crucial to price development. Volatility and even trends can be distorted by expectations, relativism and general 'animal spirits'; but the underlying fundamentals eventually take hold. With the IMF's semi-annual World Economic Outlook (WEO) due in the upcoming session, we will see an important outlook for the world economy. While this infrequent update hasn't always delivered the most dramatic flush of volatility to sate the short-term traders' appetites, it has shaped general market conditions and set the course for deeper trends. We look at the influence that traditional GDP, earnings and other fundamentals can have on market activity along with the key trends they implicate in today's Strategy Video.

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