Alessio Rastani, Director at Leading Trader joins Tip TV’s Zak Mir in a discussion on US treasuries, which is followed by Rastani’s view on Cotton markets, BMW stock and Gold.
Goldman Sachs has recently stated that Treasuries no longer respond to economic data the way they did a year ago. When quipped about the same, Rastani said reports from big banks usually work like a contrary indicator and he prefers to follow ‘Bond King’ Gundlach’s view that treasuries/bonds are looking extremely bearish.
Rastani then proceeds to detail how fundamentals and technicals have aligned perfectly in favor of a major bullish move in cotton markets. The segment ends with Rastani detailing his time power projection indicator signals on BMW stock (LON:0O0U) and gold chart.