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Robert McHugh

Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

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International/Australia Weekend Market Forecast

The Bottom Line from Today's Global Market Action: International Markets look "Heavy", most are deep in a Bear Market, and most have failed to come even close to retracing the major decline that occurred in mid 2015. About the only major stock index that held up in 2015 was the United States' stock market, the Industrials losing only 2.2 percent in 2015, the S&P 500 down 0.7 percent, however in this tug of war between the entire world versus the United States, the law of gravity projects that in 2016 the U.S. stock market will join global stock markets in a major Bear Market. Japan's NIKK has done the best in recovering from the 2015 plunge, but still has failed a full recovery, and remains miles below its 1990 high, with stock markets from Canada, London, Israel, China and most other nations remaining deep below 2015 highs, in near crash territory. The global economy is weakening, geopolitical strife is on the rise, and so much paper has been printed by international Central banks that we could see a total meltdown plunge markets over the next few years...

International/Australia Weekend Market Forecast

 

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