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This morning the IMF lowered its forecast for global growth. Are they attempting to lower the bar on expectations going forward? Do they know something we don’t? 

Should one pay attention to forecasts or prices?

global6packbreakingsupportoct7

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The above 6-pack looks at a few key global stock markets. As you can see, 5 of the 6 are breaking support lines. At this time the S&P 500 remains above support. Will it be able to “buck the global trend?”

The S&P 500 and the DAX index has been the strongest of these 6 over the past few years, keep a close eye on what they do in the upcoming weeks!