Stock Market News: Stock Market Review, Oct 7th, 2019
Economy data showing slowing down
Last week, market were volatile, without much direction.
Strong sell-off on Tuesday and Wednesday after a surprising slowdown in PMI data.
The matter got worst with job data showing signs of slowing hiring too.
However, market recovered on Thursday when the potential rate cut now seems viable.
Last week pick updates
Our Pick for 30th Sept 2019
- No pick
Currently, it is not an easy market. The overall market is giving a very contradicting signal, with technical bias up but fundamental shaky.
This week, we will need to see the FOMC minutes to judge whether a potential rate cut is near.
Trade talks set to resume this week, and any development will bring huge volatility to the market.
For lower risk taker, stay away.
Our pick for 7th Oct 2019
- VMC, long
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Till next week,