So it appears the US market is now in wait-and-see mode ahead of tomorrow's critical payrolls report, following a busy start to the week when after two days of tech-led turmoil, the market was decidedly calmer today, with the S&P opening flat, rising, falling and then set to close modestly red on the day.
Source: MKT Watch
Oil suggesting imminent recession is coming. Despite another massive crude inventory draw, the 8th in the past 9 weeks soaring global recession fears overruled any good news from the OPEC+ decision to hold off on boosting output by at least 2 months. Compounding the negativity US debt is on pace to hit a record USD$36 trillion inside the next 3 months - Just in time for the Presidential Election!
Source: Bloomberg
Have a good weekend!
Sign up for the Andika Bulletin
Find freedom. Create wealth. Build a better life with the Andika Bulletin and Confidential Daily.
No spam. Unsubscribe anytime.
This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.
This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.
This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).
Andy is the founder of ANDIKA Pty Ltd, a licensed securities & derivatives dealer. He's the author of fiction and non-fiction books and has been a University lecturer on risk and investment.
