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Super-wealthy investors are making some changes to their portfolios for 2019.
They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21.
“There’s a lot of caution and some of it is [market] volatility,” he said Thursday on CNBC’s “Power Lunch.” Then there is also the “uncertainty of government policy,” he added. The members of Tiger 21 are more than 700 strong and have a total of $71 billion in assets.
However, there is one growing trend they are hopping aboard — cannabis.
Both daily and weekly post a bull inverted candle stick which is giving space for the index to move further and may correct a little next week.
Alex Berenson, former reporter for the New York Times, discusses the risk around the cannabis craze and whether marijuana can catch on in the market place.
See video inside.
China, Hong Kong, Singapore and Taiwan will be having their Spring Holiday this week for their Lunar New Year, accept Japan and other Europe, USA futures market. Including the CFD market.
Japan weekly posted a dragonfly doji after a hanging-man candle stick will be another bull week for Asia.
Daily posted a indecision candle will open high and correct downwards before the pick up during European and US session.
UK weekly post a strong bear reversal bar and will lower during Asia futures session
When daily post a indecision bar that will move up during UK open.
Cindy I won’t be trading during Asia futures session.
And US posted weekly posted a bear inverted that will go bear during Asia futures session.
Whil daily posted a doji or a spin-on-top doji that will move higher during US Spot open.
Be back for more updates on other stock index outlook and tips.