The Swiss team make their weekly technical comments below. The rebound has finally come recording the largest weekly gain for a year in many indexes. The bad news is they don’t see the recent lows as the tactical bottom. They are still targeting 1250 in the near term (by end of july) with 1358 (sp500) as the near term bounce top. But read the entire report. Its a good round up report actually and includes some of their projections. We can take these with a pinch of salt but it is an election year and this bond rally has become a very crowded trade. The question in my mind is who will be the winner from bond outflows? Precious metals, equities or perhaps both? If bonds are topping its a game changer for other asset classes. They also sight a near term target (july) of 1.20 for the eurusd and indicate that peak in the $ isn’t far away.

Here the report: Weekly12-06

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