Hi, today we are going to talk about SPY and its current landscape.
Last day of the week of earnings, once more, we look poised to being pushed to higher levels as investors lose focus of the macroeconomy context. But if the market takes sights of today landscape, we might feel a Bearish pressure since China seems to show more signals of a slowdown as gross domestic product data earlier released shows a rising of 6%, the slowest pace since the early 1990s. And Brexit finds its defining moments at the U.K as Prime Minister Boris Johnson struggles to sell his deal (strike yesterday with the EU) to the parliament members that arent convinced that, in a race to raise votes. Also, the possibility of a flattening day as the earning positivity may clash with this concerning scenario of geopolitical risk, and considering the quiet day on the economic data front, that we have ahead on this Friday.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Last day of the week of earnings, once more, we look poised to being pushed to higher levels as investors lose focus of the macroeconomy context. But if the market takes sights of today landscape, we might feel a Bearish pressure since China seems to show more signals of a slowdown as gross domestic product data earlier released shows a rising of 6%, the slowest pace since the early 1990s. And Brexit finds its defining moments at the U.K as Prime Minister Boris Johnson struggles to sell his deal (strike yesterday with the EU) to the parliament members that arent convinced that, in a race to raise votes. Also, the possibility of a flattening day as the earning positivity may clash with this concerning scenario of geopolitical risk, and considering the quiet day on the economic data front, that we have ahead on this Friday.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice