10.08.2016 - Our forecast for the US market is a negative

US stock indexes continue to consolidate close to historic highs and taking into account the soon completion of the corporate reporting season and contradictory macroeconomic statistics, we can see a strong correction in the US stock markets. The trigger for the decline may be a drop in oil prices, which are under pressure from oversupply on the market and news from the UK whose economy will slow down growth in the near future in connection with the exit of the country from the EU. Our medium-term outlook for the American market remains negative, and given the limited potential for growth, we expect the beginning of a correction by 7-10% in the coming weeks.

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