Last quote by Philippe Gijsels
Philippe Gijsels quotes
Markets are once again up on higher commodity prices. Nevertheless, we should not get carried away and chase the commodity complex higher as most of these markets are still very much over-supplied.
We have seen some weak economy figures, the ISM index (an indicator of US manufacturing activity) below 50, retail sales very weak, the job market extremely weak, which basically means that it looks like the problems are not going to go away anytime soon. Visibility for the companies is really low, so we think we have a tough quarter and a tough number of quarters ahead of us.