Stock Market Bloodbath Continues

Stock Market Bloodbath Continues

The US stock markets continued its downward descent last week as the S&P 500 in the US fell to 2626 from a high of 2945 in September 2018.

Trump is claiming it’s an overdue correction but at the same time is blaming the FED as the source of the collapse due to their current policy of interest rate hikes.

Trump has tied his success to the stock markets as an indicator of how he is “Making America Great Again”. Nobody told him that the stock markets are not always a good indicator as to the health of the economy.

Markets are very jittery. China reported last week that economic growth fell to the lowest level in a decade and with trade wars continuing there are a lot of nervous investors out there.

However, I would not rule out a bounce in the markets as some traders/investors believe that they will be getting a great deal at the new low price which could push markets back to previous highs if enough buyers come on board.

You would need a crystal ball to know what will happen next. Short term opportunities will present themselves in both direction over the coming days so stay alert to the opportunities.

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