Happy Easter! Markets were closed for Good Friday, but are open again today during regular hours.

Interest rates have fallen again, and are extremely low. That doesn’t reflect confidence in the economy. In fact, the interest rate and inflation rate indicators imply quite a weak economy.

My momentum model shows Chinese stocks (FXI) have the most promising outlook. However, it has had large, single-week jumps a couple times over the past few months, and I wouldn’t act on it this time. European stocks (XIN) still have good momentum, and holding it would keep transaction costs down.

Market Outlook April 6, 2015

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