in

Seeing The Financial Wood Amongst The Trees…!

In this week’s market update we as always start in the US, cross to Europe, Asia and end in Australia. Markets have started to look through the recession fears it seems, banking on the Fed slowing its rake hikes, and reversing later in 2023.

Yet the signals are still mixed, and earnings are clearly under pressure in many market sectors. But it does seem to me to be a question about seeing the wood for the trees. The bigger trend on markets still is pointing lower, despite the short term moves higher. We are not, I think out of the woods yet… remembering Central Banks over nearly 20 years have tried to engineer growth through massive stimulation and debt, and economies have been distorted beyond belief. As support is removed, asset values are still over done, and the cost of debt rises.

The Dow cut losses to close higher Friday, as investors bought the early-day dip in banks following a string of better-than-expected results, though concerns about a weaker economy linger. In the end the S&P 500 and Nasdaq finished at their highest levels in a month on Friday, leaving the S&P 500 up 4.2% so far in 2023.

For the week, the S&P 500 gained 2.7% and the Dow rose 2%. The Nasdaq increased 4.8% in its biggest weekly percentage gain since Nov. 11. The CBOE Volatility index -Wall Street’s fear gauge -closed at a one-year low. The U.S. stock market will be closed Monday for the Martin Luther King Jr. Day holiday.

*CONTENTS*

0:00 Start
0:15 Introduction
1:15 US Markets
4:10 Consumer Sentiment
5:59 US Dollar
7:05 Oil
7:30 Best Stocks From Goldman
10:30 Europe
12:55 Global Growth Slowing
14:00 Gold
14:15 Asia
15:35 Australia
18:30 Crypto SEC Action
20:00 Bitcoin
20:25 Summary and Conclusion

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts

Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics

Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA

We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1

Please share this post to help to spread the word about the state of things….

Caveat Emptor! Note: this is NOT financial or property advice!!

🚨BEWARE OF SCAMMERS🚨

As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram

Written by Walk The World

Comments

Leave a Reply
  1. The trend isn't determined by any of those things. Real world conflict has a hundred fold more impact. Which means climate change does. Think about it. What has caused the largest local disruption in Australia in the past twelve months? Floods.
    You, like every other economist, are making a fundamental mistake

  2. How can a failing fiat financial system possibly compete with a gold backed currency?
    Would it give the opportunity for the gold backed currency to purchase fiat system assets at a bargain price?

  3. I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 45 if things keep going smoothly for me.,,

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0