S&P500 may fall further on recession fears!!
U.S. stocks have been under relentless selling pressure this year, with the S&P 500 (.SPX) posting its steepest percentage drop in the first half since 1970 as the Federal Reserve stepped away from easy money by raising borrowing costs. The rest of the markets, including the crypto market, have also experienced a sharp decline under the influence of these policies.
Investors are currently considering the positive report and data related to the unemployment rate and non-agricultural wages and salaries of the United States, which showed significant job growth in professional and commercial services (74K), management of companies and organizations (12K).
, the design of computer systems and related services (10K) has occurred, they are more convinced that the Fed is determined to continue the expansionary policies and thus strengthen the dollar index.
Although concerns about recession dominate the market.
"The real question is, while the economy is slowing down, then why are some people still waiting for news that could act as a catalyst for growth to happen in the markets?"
New orders for U.S. manufactured goods rose more than expected in May, data showed, suggesting demand for products remains strong even as the Federal Reserve seeks to cool the economy.
Separately, trade growth across the euro zone slowed further in June and European natural gas prices rose again, fueling fears of an economic slowdown in the bloc.
"Earnings projections were being artificially held up. Over the next two weeks, everyone is going to start lowering estimates and we expect to see a significant amount of volatility," said Dan Genter, chief executive of Genter Capital Management.
.FUND news source : kitco.com
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Investors are currently considering the positive report and data related to the unemployment rate and non-agricultural wages and salaries of the United States, which showed significant job growth in professional and commercial services (74K), management of companies and organizations (12K).
, the design of computer systems and related services (10K) has occurred, they are more convinced that the Fed is determined to continue the expansionary policies and thus strengthen the dollar index.
Although concerns about recession dominate the market.
"The real question is, while the economy is slowing down, then why are some people still waiting for news that could act as a catalyst for growth to happen in the markets?"
New orders for U.S. manufactured goods rose more than expected in May, data showed, suggesting demand for products remains strong even as the Federal Reserve seeks to cool the economy.
Separately, trade growth across the euro zone slowed further in June and European natural gas prices rose again, fueling fears of an economic slowdown in the bloc.
"Earnings projections were being artificially held up. Over the next two weeks, everyone is going to start lowering estimates and we expect to see a significant amount of volatility," said Dan Genter, chief executive of Genter Capital Management.
.FUND news source : kitco.com
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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