DAX: Still overbought on a daily basis as we zoom up on the Monday and then do absolutely nothing on Tuesday. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Ray Dalio expects a paradigm shift
‘’The world has gone mad with so much free money’’

In a lengthy LinkedIn post yesterday, hedge-funder extraordinaire, Co-CIO and Co-Chairman of Bridgewater Associates LP Ray Dalio, said he believes the [current] set of circumstances is unsustainable and certainly can no longer be pushed as it has been pushed since 2008. That’s why I believe that the world is approaching a big paradigm shift. The dynamic is that of ‘pushing on a string’, something that’s happened many times before in history. ‘’At the same time as money is essentially free for those who have money and creditworthiness, it is essentially unavailable to those who don’t have money and creditworthiness, which contributes to rising wealth, opportunity and political gaps’’.

Published this morning in Japan, October sentiment surveys were clearly below the 50 mark, denoting shrinking business and confidence. The Jibun services sector reading was 49.7, down from 52.8 in September, while the composite reading was 49.1, the lowest on record for this series with a 3-year history.

Financial Markets and Political Commentary
 

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