Category: Commentary

  • The Global Market Perspective In 2023

    The Global Market Perspective In 2023

    Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than it’s ever been in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecasted to slow to 2.7 percent in 2023 from 3.2 percent in 2022. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.

    Taking a look at a few of the markets in 2023:

    1. Nifty 50: This is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on India’s National Stock Exchange. Nifty 50 had a bounce from the lockdown lows in 2021. This appreciation continued in 2022 as price reached an all-time high at 18900 in the last week of November. The first half of 2022 was dominated by the bears until July when the bulls pushed price to a new all-time high. in 2023, we might see Nifty 50 below 15000.

    NIfty 50

    2. FTSE 100: This is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation. Just like Nifty 50, the FTSE 100 bounced from the pandemic lows. The FTSE 100 ranged between 7600 and 7682 in 2022. We might see a breakout of the resistance level of 7682 in 2023. 

    FTSE 100

    3. DAX: The DAX is a stock market index consisting of the 40 major German blue-chip companies trading on the Frankfurt Stock Exchange. The DAX rallied in 2021 from a 2022 low of 8288 to an all-time high at 16278. The first three quarters of 2022 were bearish until October as the bulls pushed the price of DAX upwards. The price of DAX could reach a new all-time high in 2023. 

    DAX

    4. NIKKEI 225: The Nikkei 225 is the stock market index for the Tokyo Stock Exchange. The Nikkei measures the performance of 225 large and publicly owned companies in Japan from a wide array of industry sectors. The Nikkei 225 shows that it could reach a new all-time high in 2023. 2023 might just be a year to recover losses incurred in 2022 as a result of the activities of the bears. 

    Nikkie 225

    5. S&P 500: The S&P 500 is a stock market index tracking the performance of 500 large companies listed on the stock exchanges in the United States. The year 2021 ended as the SPX reached an all-time high at 4822. The year 2022 was not a good year for the SPX investors. The year 2023 could be a year of recovery and SPX could reach a new all-time high.

    SPX

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stock indices your portfolio? Schedule a meeting with us here

  • November 2022 Forecast Review

    November 2022 Forecast Review

    In this article, we will review our calls in November. Here we go. Our first call for the month of November was made on the 1st. We forecasted that AirBnB would rally to $196. This call was invalid. On November 10, we forecasted that Robinhood’s share price would drop to $6 or $5. Our analysts think this call is still in progress.

    On the 15th and 16th of November, we called EURUSD to fall below 0.94990 and Silver to drop to $19 respectively. Both calls were invalid. On the 18th, we forecasted that Solana might not rally even after the consolidation it was experiencing at the time. This call was accurate.

    On November 21st, we forecasted that Goldman Sachs’ share price will rally to a new all-time high and on November 30th, we forecasted that Credit Suisse’s share price will bounce to $6. Both calls were inaccurate.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

  • October 2022 Forecast Review

    October 2022 Forecast Review

    In this article, we will be reviewing the calls we made in October. On October 7, we forecasted that entertainment company, AMC, will see its share price rally to $10. On October 14, we forecasted that EURGBP will break the support level at 0.86495. Both forecasts missed their targets.

    On October 17, we forecasted that USDJPY would see a price correction from 148.887 to 145. This forecast hit its target. The next day on the 18th of October, we made two forecasts. We forecasted that Cloudflare’s share price might hit a new year’s low and we also forecasted that Archaea Energy’s share price will fall to $24. Both forecasts are in progress. On October 19, we called Gold to drop to $1616 and Coinbase to rally to $100. Both forecasts were misses. That same day, we also called British-American Cruise Operator, Carnival Corporation’s share price to rally to $11. This forecast was hit.

    On the 26th of October, we forecasted that Bitcoin price will fall below the year’s low at $17,775. This forecast was spot on. We called Alphabet share price to rally to $100 on the 27th of October. We also forecasted that Meta will rally to $120. Both forecasts were hit.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

  • September 2022 Forecast Review

    September 2022 Forecast Review

    In this article, we review our calls in September. On the first day of September, we forecasted that crypto assets Bitcoin, Ethereum, and Solana will rally to $45,000, $3000, and $100 respectively. This call was not valid. The next day, we forecasted that Apple’s share price will bounce to $173. This call was also wrong. On the 6th of September, we forecasted that the Japanese Yen will gain against the US Dollar and fall to 130. Our analysts think this call is still in progress.

    On September 8, we forecasted that Dow Jones will break the 2022 support of $26,630 to the downside. We also forecasted on the 9th of September that Oil will fall to $62. These two calls did not hit their respective targets. On the 12th of September, we forecasted that Coinbase might rally to a $100 psychological level. This call was also invalid. 

    On the 14th of September, we called Goldman Sachs and said it will rally to break the $359 resistance mark to the upside. This call hit its target. On the 15th of September, we forecasted that NZDUSD will rally from 0.59774 to 0.61600. This call also hit its target. On the 20th, we forecasted that Bitcoin will break the support of $17,625 to the downside. This forecast was spot on!

    On the 23rd of September, we forecasted that Microsoft will rally to $250. This call was accurate as the forecast hit its target. On the 27th of September, we called on the Euro-Franc currency pair. We forecasted that EURCHF will rally to 1.02223. Our analysts believe that this call is still in progress which means it’s still valid. Our last call was on the 30th of September. We forecasted that Dow Jones will rally above $30,000. This call was spot on!

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

  • August 2022 Forecast Interview

    August 2022 Forecast Interview

    In this article, we will be reviewing the calls we made in August. Our calls this month cut across stocks, currencies, and crypto. The first call we made was on the 1st of August. We forecasted that the share price of Car Rental company, Hertz, will rally to $24. This was a wrong call. That same week on August 5, we made a call that stock market index, S&P 500, will drop to a new low below $3635. This call was a Hit!

    On August 9, we made a call that Karuna Therapeutics’ share price will fall below $200. This forecast hit its target. Later that week, we forecasted that currency pair EURGBP will break support at 0.83396 to the downside. This forecast did not hit its target.

    On August 17, we made two calls. We forecasted that Bitcoin will fall to a $20,000 psychological level. We also forecasted that Walmart’s share price will rally to a new all-time high above $160. The forecast on Bitcoin was a hit. The forecast on Walmart is still in progress. 

    On the 22nd of August, we forecasted that GBPUSD will rally to 1.21699. On the 25th of August, we forecasted that Tesla’s share price will range around $300 psychological level for the next few months and might not reach $400 for the remainder of the year. This forecast was wrong while the forecast on GBPUSD was a hit.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

  • July 2022 Forecast Interview

    July 2022 Forecast Interview

    In this article, we will be reviewing the calls we made in July. In the month of July, we made just 4 calls. Our first call was for the Euro-Dollar currency pair. On the 14th of July, we forecasted that EURUSD might bounce to a new resistance at 1.07657. This call is still valid and is currently in progress.

    On the 15th of July, we forecasted that stock market index, Dow Jones, would rally to $31,000. This call was accurate. On the 19th of July, we forecasted that Gold’s price will break to the $1676 support level to the downside. The price broke that support level just as we forecasted.

    Our last call for the month was for instant messaging app, Snapchat. Our analysts forecasted that Snapchat’s share price would rally above $20. This call missed its target.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here.

  • June 2022 Forecast Review

    June 2022 Forecast Review

    In this article, we will be reviewing the calls we made in June. We kicked the month off with a forecast that was spot on which was Halliburton! On the second day of June, we put out a forecast that Halliburton’s share price might drop to $34. This happened exactly as we forecasted. 

    On the 6th of June, we forecasted that Davita would rise to $120. This forecast missed. That same week, on the 8th of June, we forecasted that Walmart’s bulls will rally the share price to a new all-time high. Our analysts believe this forecast is still in progress. At the end of that week, on the 10th of April, we forecasted that mobile payment company, Block, will keep falling. This forecast was a hit!

    On the 14th of June, we forecasted that NZDUSD will rise from 0.62493 to 0.64613. This was another accurate forecast! So was our forecast two days later on Solana bears staying dominant. On the 20th of June, we forecasted that Bitcoin will rise to $48,000 and Ethereum to $3500. This forecast missed its target.

    On the 24th of June, we forecasted that Disney’s share price will fall below the lockdown low of $78.63. We believe this forecast is still in progress. Towards the end of the month, we forecasted that Oil, USDJPY, and e-commerce company Etsy, will fall. The bulls have been strong and those forecasts, as a result, have missed their targets.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

  • May 2022 Forecast Review

    May 2022 Forecast Review

    In this article, we will be reviewing the calls we made in May 2022. Here we go. On May 2, our analysts forecasted that Coinbase share price would rally to $200. Unfortunately, the bulls were not able to gather momentum for a price rally. A week later, on May 9, our analysts stuck to their forecast of the crypto market crash and called Bitcoin to fall to $30,000. This forecast was a hit.

    On May 11, our analysts forecasted that Silver would drop to $20 per ounce. This call was accurate. On May 17, we called USDJPY and forecasted that it will dip to 127.500. This was a miss. On May 19, we forecasted that Tesla might drop to $600 and it did. On May 23, we forecasted that EURUSD will drop below 1.0470. This was a hit too.

    On May 26, we saw FTSE 100 breaking to a new all-time high but this target has not yet hit as it still is in progress. A few days later on May 30, we forecasted that Coca-Cola share price will fall further if it manages to break the $60 mark to the downside. This call was spot on! 

    On that same day, we forecasted that the share price of Clean Energy Tech company, Sunrun, might rally to $40. This nearly hit the target as price reached $39 before retracing. We believe it is still in progress. Our last call for the month of May 2022 was the NZDUSD currency pair. We forecasted that it might fall below 0.64271. This call was accurate. Altogether, this was a 60% accuracy on our calls.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.

  • April 2022 Forecast Review

    April 2022 Forecast Review

    In this article, we will be reviewing the forecasts we made in the month of April 2022. We forecasted on the 29th of April that Dogecoin will not rally anytime soon. The crypto asset has since been bearish. That forecast was accurate.

    On the stocks front, we forecasted on the 11th of April that P&G share price will break the resistance at the time to reach a new all-time high. That forecast is in progress. On the 28th of April, we forecasted that the Dow Jones’ bulls might rally the share price to $35,000. Our technical indicators show there is a high probability that the stock market index will still rally to the forecasted target.

    At other times during the month of April, we made forecasts on Etsy, Meta, Nike, Delta Airlines, and Netflix. These forecasts missed their respective targets.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get crypto-currencies in your portfolio? Schedule a meeting with us here.

  • March 2022 Forecast Review

    March 2022 Forecast Review

    In this article, we will be reviewing the forecasts we made in the month of March 2022. We began the month with a forecast on Etsy, and then in the following week, we made a forecast on EURUSD, Netflix, and ExxonMobil. These targets missed, largely due to the bearish downturn of markets globally.

    We later made forecasts on currencies. On March 15, we forecasted that GBPUSD will rise to 1.34298. The following week, we made forecasts on EURUSD and NZDUSD. We forecasted that EURUSD and NZDUSD would dip to 1.08236 and 0.67374 respectively. These forecasts hit their targets while GBPUSD didn’t hit.

    We forecasted that Apple and AirBnB share price would rally. These forecasts didn’t hit the target. Tomorrow, we’ll look at the forecasts we made in April 2022.

    Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here