The Trading Day Morning Jumpstart Macro View 30/05/22

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Share markets continue to bounce back Friday to end the week on a positive note as the US go into a long weekend. Traders were buoyed by continued strength in the economy as Consumers continue to provide support while inflation data showed signs of slowing. The scenario is good for bulls who need to see Consumers continue to ‘buy stuff’ and brush off inflation. For now the US is happy to bounce off major lows although they have some work to do before breaking the longer term downtrend.

For a more detailed Macro technical view and major market trend analysis…check out the video below for my market review and key technical levels for general market bias.

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