Almost everyday this week seems to be a better 'dip buying' day as US market continues to correct. Intra day's losses on Thursday is more severe than Wednesday. (see attach)
Key reasons are due to (a) climbing crude oil prices & (b) rising government bond yields, -- compounded by (c) disappointing Q2 results from retail giant Walmart and (d) escalating geopolitical tensions following threats of heavy economic sanctions on Iran.
The man has to stop talking and stage a graceful exit no ?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments