Plus, what stage of the cycle are we in?
| | | | | | | | | | | “Violence can only be concealed by a lie, and the lie can only be maintained by violence.”
— Alexander Solzhenitsyn ____________________________________________________ | | | | |
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| | | | ---------- Markets Today ---------- 🌏 Asia-Pacific: Up a bit 🇪🇺 Europe: Up 🇺🇸 United States: Down 🛢️Oil: Down ⚡Crypto: Up ------- Major Market Events ------- | • | | Manufacturing dries up fast: The latest ISM numbers are out and they aren't great (link) | | • | | Major glitch: A technical glitch has almost completely wiped out Berkshire Hathaway (link) | | • | | April recession: Did a recession begin April? This Fed indicator seems to indicate yes (link) |
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| | | | 🤔 My Thoughts What stage of the cycle are we in? Q1 GDP was 1.8%. The Fed is now revising Q2 expectations down from 4.8% to 1.8%. Consumer psending is down. Pending home sales are down a massive 7.7%. Manufacturing orders are at their lowest in two years.
Are we in the recession? Or are we approaching it? | | | | |
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| | | | To Better Trading,
Alex Reid Founder, Wealthpin | | | | |
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“Violence can only be concealed by a lie, and the lie can only be maintained by violence.” — Alexander Solzhenitsyn ____________________________________________________ ---------- Markets Today ---------- 🌏 Asia-Pacific: Up a bit 🇪🇺 Europe: Up 🇺🇸 United States: Down 🛢️Oil: Down ⚡Crypto: Up ------- Major Market Events ------- - Manufacturing dries up fast: The latest ISM numbers are out and they aren't great (link)
- Major glitch: A technical glitch has almost completely wiped out Berkshire Hathaway (link)
- April recession: Did a recession begin April? This Fed indicator seems to indicate yes (link)
🤔 My Thoughts What stage of the cycle are we in? Q1 GDP was 1.8%. The Fed is now revising Q2 expectations down from 4.8% to 1.8%. Consumer psending is down. Pending home sales are down a massive 7.7%. Manufacturing orders are at their lowest in two years. Are we in the recession? Or are we approaching it? To Better Trading, Alex Reid Founder, Wealthpin |
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