The director of the IMF, Kristalina Georgieva, did not use half-words in his speech a few hours ago in videoconference in front of the G20 finance ministers “Our prediction for world growth in 2020 is negative, and we expect a worse global recession than to the financial crash of 2008 “
Georgieva has been particularly concerned about emerging countries: according
to IMF calculations, large international investors have withdrawn 83,000
million dollars from emerging markets: “It had never happened so
far,” Georgieva underlines.
satisfaction in the IMF for the fiscal measures that European governments have
taken to combat the emergency, although it is possible that fiscal measures may
have to be increased once again so that businesses can restart normally after
the virus has finally disappeared.
From a trading perspective, this confirms my idea that short positions in the various indices should be insisted in the short term, even if at this precise moment, while I am writing, the European stock exchanges are strongly increasing, as are the American futures.
Another tough day in Wall Street, Coronavirus is without any doubt the main character.
was that Federal Reserve’s full firepower fails to arrest slide in markets (global
stocks fell on Monday despite and while I’m writing S&P 500 index is down around
3 per cent).
Federal Reserve is committed to using its full range of tools to support
households, businesses, and the US economy overall in this challenging time,”
the Fed said in a statement. But will it be enough??? It
really clear to me is that US and EU economy will face severe disruptions in March
and April (probably also May).
trading point of view, this is a signal that we have to insist in shorting the
market, instead of hoping to buy stocks at cheap price (probably they will be
As I want
to stay between 3 and 5 score risk, I will not use high leverage and I will try
to think in the mid/long term, also because this is what my followers and
copiers are asking to me. At the same time I will try to get every opportunity
that I see to operate intraday (both short and long).
trading. Stay home, stay safe!