Post by
smallcaptdr on Jul 29, 2022 7:29pm
TSX and DOW finished up with positive Q2
Both Markets have been enjoying solid Q2 results and with higher Energy today, the Markets posted positive gains. These gains will slowly tapper off as companies finish reporting Q2 and I suspect that Sept will flip to Market selling off as economies start to slow from Interest Rate Hikes which will see additional Hikes come in Aug and Energy demand softens. One surefire sign that the Markets are expecting lower Oil is that in July Oil couldn't stay over $100 for very long so that's proof of traders' expectations for Oil going forward. OPEC meets on the 3rd and possibly announces production increases plus over time with new wells producing and economies slowing Oil will be sold off and we'll be seeing Oil surpluses instead of tightness but for now ATH sits solid.
JMHO (always DD)
Comment by
GambinoB on Jul 29, 2022 7:36pm
References and links to support your BS? Surefire sign....ok Kreskin. Markets will taper off according to who? Stop spamming all the boards with your hocus pocus bruh.