top of page
Search

On the SPOT™ blog (06/07/2023) [P..]

This morning (PST), Dow is near the flat line and S&P, Nasdaq are in red. This morning's economic data is perhaps making investors take a pause and evaluate the data. Commerce department released data that showed that US trade deficit increased in April. US consumers increased their spending on imported goods and energy exports seemed to have decreased. It remains to be seen what impact this will have on the Q2 GDP numbers. Exports from China also seemed to have fallen in May. So, in general, this data combined with World Banks's recent comments about global economy being precarious might be the reason for investors to play the "waiting game" at least the inflation data and FOMC conclusion due next week.

Want to read more?

Subscribe to gammathworks.com to keep reading this exclusive post.

5 views0 comments

Recent Posts

See All

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page