Stock Market sell off / Oil trying to recover DOW is down 580 points and the TSX down 270 and this backs what I have been saying about the interest rate hikes being a killer to the stock markets because of the cost of borrowing making it more expensive. Plus daily signs of economies contracting have companies manufacturing pointing to the lowest growth in factory activity since July 2020 and this isn't going to get better as the FED's keep raising interest rates. Oil is trying to recover but the trend is for lower Oil plus traders could be running Oil up in order to sell into it with the cheaper Oil bought. We'll see how it closes
US Manufacturing PMI 