SPX is still not done dumping - Here's why.
I think SPX still has a bit of dumping to do before recovering – hopefully.
Coronavirus news hasn't been too great and China continues to have closed factories which will have a massive impact for the US Economy and Global Economy. We can't forget how most of the products we have have had at least 1 part in them that was made in china, and that has massive implications for the economy.
For companies like Amazon this might be great – they're usually very stocked up and I assume there is a high demand or there will be for products from Amazon as the markets start to run out of products.
Monday will be where we will discover a lot, the market is still fragile and any news will probably have a toll on the market. This coronavirus has massive implications for the economy and I can only see it getting worse to be honest.
Oh yeah, and I wouldn't advise betting purely based on my analysis.
Thanks for reading
Coronavirus news hasn't been too great and China continues to have closed factories which will have a massive impact for the US Economy and Global Economy. We can't forget how most of the products we have have had at least 1 part in them that was made in china, and that has massive implications for the economy.
For companies like Amazon this might be great – they're usually very stocked up and I assume there is a high demand or there will be for products from Amazon as the markets start to run out of products.
Monday will be where we will discover a lot, the market is still fragile and any news will probably have a toll on the market. This coronavirus has massive implications for the economy and I can only see it getting worse to be honest.
Oh yeah, and I wouldn't advise betting purely based on my analysis.
Thanks for reading
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