Major Recession Inbound
TSX composite is showing signs of slowing down, three peak play showing market downtrend. The 10-year Treasury yield is at its lowest since October 2017.The yield curve inverted again on May 23. Recall from last year that this is often viewed as a reliable recession indicator.IHS Markit U.S. manufacturing PMI for May badly missed Wall Street estimates and fell month over month. Sentiment among manufacturers hit its lowest level in nine years.The April reading on durable goods softened across the board. Copper prices are down 8.9% the past four weeks.The Dow Transports and small-cap Russell 2000 have underperformed the S&P 500 and Dow the past month.
Similar to the domino effect, trumps trade war will have a compound effect on the markets. Medium term range - 6700 to 7800.
You heard it first,
Guru
Similar to the domino effect, trumps trade war will have a compound effect on the markets. Medium term range - 6700 to 7800.
You heard it first,
Guru
Feragatname
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