Weekly Market Report (05 / 06 / 2017)

In this entry we present you a reduced version of our weekly market report that we send to our premium service subscribers. Information on the positions of our portfolio and recommendations for specific actions have been deleted.
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Report:

The market continued its bullish trend at the end of the week showing new highs on the Dow Jones and Nasdaq. The results of Friday's unemployment rate were lower than expected, showing an economy that could be negatively affected if the Fed does not reconsider postponing the fourth rise in interest rates, a decision expected on Wednesday of the next week. Another news that dominated the headlines was President Trump's decision to get out of the Paris agreement, a fact that could impact certain environmental initiatives and even reduce the stimulus in some initiatives related to green energy projects, such as solar, etc ...

 

This week unfortunately starts with events in London over the weekend, as well as diplomatic problems in the Arabian Gulf region between Qatar and four countries led by Saudi Arabia, a fact that helped recover oil and gas prices Of its closing of the week. Investors will be alert to possible indicators confirming interest rate increases in the next 10 days.

 

As we have already mentioned, the price of oil recovered because of diplomatic tensions in the Arabian Gulf. The brent starts above 50.5 $ a week. The tension generated may undoubtedly maintain a certain upward trend for the next few days, however, this momentum would be in the short term and would last what is believed to last the discussions between those countries. We do not see changes at the macro level that could generate greater pressure for a strong move in the price of crude oil.

 

We will be attentive to the alternative energy sector to see that it impacted generate the news that the USA is going to leave the Paris agreement.

 

The metals sector did not improve compared to the previous week. The uncertainty in raw material prices and the lack of clarity in the infrastructure plan has left this group of shares no longer participate in the rally that has greatly benefited a good group of the technology companies.

 

(Reduced version)

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