3155 - 60 level good resistance if it bounces
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3155 - 60 level good resistance if it bounces
Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%
https://www.cnbc.com/2020/07/02/jobs...june-2020.html
markets roaring lol they never go down at the moment for more than a day , so if the fed keeps money printing for ever now ? dow 100000 by next year? lol is that what 10 trillion more will get you? lol
only nimble shorting , range at the moment 3155 - 2995
All that is going to happen with Money printing is Hyperinflation. That always results from these kind of measures. Sure, the Dow will make it to 100000 but the it will be worthless in real terms.. Just take a look at the Gold price since they started this madness..
Don't Fight The Fed.
Simple yet so many here indulged themselves (almost daily) needlessly in doomsday & 'missing out' agony.
Lol, the rooster crows once more. Do you take everything so personally Balance?
https://finance.yahoo.com/news/asian...214106769.html
Global stock markets are starting the week with a bang after China’s influential state media stoked bullish enthusiasm. The dollar index fell for a fifth day and Treasuries dipped.
Banks, construction and insurance shares pushed the Stoxx Europe 600 Index higher, and U.K. homebuilders rallied after a report that the government is considering a temporary increase in the threshold at which buyers pay stamp duty. Copper is on the cusp of erasing this year’s losses after virus-related disruptions tightened supplies.
A front-page editorial in China’s Securities Times on Monday said that fostering a “healthy” bull market after the pandemic is now more important to the economy than ever. Chinese social media exploded with searches for the term “open a stock account,” with bullish sentiment also lifting the yuan. The Shanghai Composite Index closed up 5.7%, the biggest advance since 2015.
The MSCI World Index is now at the highest level since early June, with investors putting their faith in an economic recovery powered by historic government stimulus.
just another central bank trying to blow the bubble bigger , be alert , enjoy the gains but be aware bubbles always end in misery.
The European Commission expects GDP to contract by 8.7% in the Eurozone this year, significantly deeper than 7.7% decline predicted in May. EU forecast now more pessimistic than BBG consensus forecast, which sees -8% contraction for Eurozone in 2020.....
Pre-market close I took a sizeable BBUS.asx position (leverage ETF short on the S&P500)
Also relevant:
https://www.cnbc.com/2020/07/06/germ...y-mindset.html
These policies have only held europe back and they could be ahead of the united states if they stopped this 'fiscal contraction' nonsense and put in place a common european bond. The world needs a strong europe.
Change the german and EU inflation target to between 2-3% rather than the high 1%'s = a permanent european boom. The US/UK are money printing like mad and they need to do it too to maintain the same currency levels ..