It looks like the ECB will keep its rates where they are, the Fed is likely to cut their rates. I made a prediction that the US rates would go lower, down as far as 3.5% perhaps. The Fed rate won’t hit 3.5% this time but its only January! I have until December to be proven wrong! And if I am wrong I’ll do another roud up story of whether or not I’m an idiot.
On a seperate The Dow Jones has had it worst year start since 1904, the Nasdaq had its worst since 1971. A fear that a market driven by consumer spending won’t last is causing any stocks tied to these sectors to fall off.
It might be a good time for to move away from stocks and get into cash for two months to see how this plays out.