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The price comparison of gold and oil may be the key indicator for this year.
The ratio of the price of gold to the price of Brent crude may be an important indicator in 2021. Mike McGlone, a commodities strategist, wrote in a report that the deflationary forces brought about by quantitative easing and rapid technological developments are long-term positive for gold prices and negative for crude oil prices. As the picture shows, the price of gold and oil jumped in 2008, and its resistance level became a comfort zone in 2015-20 and now constitutes a support level. Given the continued upward trend in the balance sheets of the four major central banks, the trend of gold outperforming crude oil since 2008 seems to have the upper hand, with the gold-oil ratio around 60, compared with only 13 years.
Goldman Sachs: emerging market stocks led by China are expected to rise 13% in 12 months
Goldman Sachs expects the MSCI emerging market stock index to rise about 13 per cent from its current level to 1500 over the next 12 months, mainly due to a more reasonable valuation of Chinese stocks. Goldman Sachs strategists Kamakshya Trivedi and Caesar Maasry reported that emerging markets, led by Chinese mainland, will be further vaccinated and are accelerating their rollout, with all BRICS countries expected to vaccinate more than half of their populations by the end of the year. The preferred stock markets are Brazil, Mexico, Russia, South Africa and India.
Former Federal Reserve Vice Chairman Binder backs Powell: Excellent performance and should be re-elected
Former Federal Reserve Vice Chairman Alan Binder said that as the US economy recovers from the pandemic, if President Joe Biden carefully considers it, he should renew Powell as chairman of the Federal Reserve to maintain policy stability. “I think Powell did a great job at the Federal Reserve, and if President Biden asked me (but Biden didn't ask me), I'd suggest that Powell stay in office,” he said in an interview on Wednesday. “It's not so much about praising him for his merit (although it's not an exaggeration to say that he deserves to be rewarded), it is more about stability.” Powell's term of office expires in February next year. So far, Powell has been in office
Most of Wall Street says US inflation is tricky, and US stocks are likely to face turmoil this summer.
Original title: most of Wall Street says that US inflation is tricky, and US stocks may face turmoil this summer! Orlando (Phil Orlando), chief market strategist at Herm è s investment management firm (Federated Hermes), has long been bullish on U. S. stocks. But he is now worried that the market will face huge risks this summer. He believes that US inflation may be trickier than the Fed expected. He warned that this could scare Wall Street and lead investors to face a volatile stock market this summer. Orlando said in an interview on Friday that inflation in the United States will continue to rise. This will lead to some
PTT, the largest conglomerate in Thailand, enters into the field of artificial meat.
(PTT Public Company Limited, Thailand's largest conglomerate, or PPT) recently invested in a company that produces plant-based proteins, including so-called artificial meat, to reduce its dependence on the fossil fuel business. The company invested 300m baht ($9.6 million) in a joint venture with NR Instant Produce Pcl to extract protein from spinach fruit and plans to start commercial operations by the end of 2022. Buranin Ratta, Senior Executive Vice President of PTT
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