2 months back on Jan 20th , I wrote that Markets will recover
My logic was 3 things will happen.
- China issues will be solved by their market regulator. They brought in a new administrator. Problem postponed:-)
- Oil prices – I had written “Its a supply side problem. It will get resolved, and should reach around $35-$40 by the end of the year”. Oil is back to $40.
- Fed & interest rates – Fed did NOT increase the interest rate.
So, markets are back., The recovery is on for some time. Will it last through the year is a big question..I hope so!!