The European Central Bank (ECB) just announced it would be tapering QE.
We’ve been predicting this since August. The signs were there. But few if any listened. Some 80% of Wall Street expected that the ECB would be INCREASING QE.
Countless “gurus” including some of the biggest names in investing predicted the same thing.
All of them were wrong.
This announcement has completely changed the investment landscape. And most investors will be getting taken to the cleaners as a result.
So here is our next major prediction.
The Euro will be going to 120 if not higher.
This sounds insane today, but in six months I guarantee that everyone will be looking back asking, “how did we miss this?”
The $USD in contrast will be plunging to 92 if not lower. The $USD bulls are going to be absolutely slaughtered.
Time-stamp this. We’ll be happy to return to it in the future.
For more financial insights and investment ideas you won’t find anywhere else, swing by www.gainspainscapital.com
Chief Market Strategist
Phoenix Capital Research