DJI unlikely to keep its upward momentum...expect new low at 17k
Credit Suisse says the US economy will shrink 33.5% next quarter, the biggest drop in history.
The US economy shed 701,000 jobs in March, sending the unemployment rate to its sharpest one-month rise since 1975.
The worst is yet to come after the initial shock triggered by COVID-19.
I expect a lower low at 17.000 for the DJI and that is if we are lucky and somehow the US and Europe manages to divert a full fledged financial crisis.
You may compare to 1929-1933 which maybe was a similiar shock for the system.
The US economy shed 701,000 jobs in March, sending the unemployment rate to its sharpest one-month rise since 1975.
The worst is yet to come after the initial shock triggered by COVID-19.
I expect a lower low at 17.000 for the DJI and that is if we are lucky and somehow the US and Europe manages to divert a full fledged financial crisis.
You may compare to 1929-1933 which maybe was a similiar shock for the system.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.