Hello everyone , as we all know the market action discounts everything :) we saw from the chart that we analyzed that the DJI price is moving in downtrend which is a great point of entry with a sell stop action , there are no signs of the market reversing yet , will keep you updated .
Fundamental analysis :
The U.S. stock ended sharply lower on Friday, Dow is posting his worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors.
The blue-chip Dow started the week at record closing levels, but ultimately fell by his most in any week since late October and late February, respectively.
This was compounded by Bullard, president of the St. Louis Federal Reserve, saying Friday he was among the seven officials who saw rate increases beginning next year to contain inflation.
Inflation, and how the U.S. central bank will tackle it as the country comes out of the pandemic, had been front-and-center of investors' minds in the run-up to the policy meeting, which ended on Wednesday.
The CBOE volatility index, Wall Street's fear gauge, closed Friday at a four-week high.
If you have any questions please ask
Thank you for reading .
Fundamental analysis :
The U.S. stock ended sharply lower on Friday, Dow is posting his worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors.
The blue-chip Dow started the week at record closing levels, but ultimately fell by his most in any week since late October and late February, respectively.
This was compounded by Bullard, president of the St. Louis Federal Reserve, saying Friday he was among the seven officials who saw rate increases beginning next year to contain inflation.
Inflation, and how the U.S. central bank will tackle it as the country comes out of the pandemic, had been front-and-center of investors' minds in the run-up to the policy meeting, which ended on Wednesday.
The CBOE volatility index, Wall Street's fear gauge, closed Friday at a four-week high.
If you have any questions please ask
Thank you for reading .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.