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There has been a lot of talk of the US heading into recession, and while the Fed and Politicians deny it, most feel that we are already ‘in’ a recession.
The Fed will of course do and say all they can to keep the stock markets orderly and supported while trying their best to bring down inflation and not ruin economic growth. The key now is to watch inflationary and economic data…and the markets reaction to that data.
In the video below, I look at the major stock markets in the US , Europe and Asian…and look at the key levels that I am watching for some action. Technically the Indexes are still in a downtrend but we have seen some buyers go ‘risk on’ into the end of the month….so the question is will this continue??!!
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