Global economy, are you here to deliver us some good news? Two major factors may help the world avoid a global recession: 1/ The European Union (EU) remains stronger than expected. 2022 EU: Dealing with the Russia-Ukraine war, energy shortage crisis and what seemed to be an imminent recession. But… A milder winter and efforts…Read more
Recession vibes at the Port of Los Angeles; Quietest period since 2009
The economy is in trouble. But you didn’t need us to tell you that. We’ve had enough warning signs well in advance: Recently, FedEx warned of a global recession with slowing shipping demand. The world’s largest container shipping company Maersk warned of “plenty of dark clouds on the horizon.” Amazon laying off 10,000 employees right…Read more
Market update: How can investors navigate the current state of the economy?
U.S. GDP shrank by 0.9% in the second quarter after falling 1.6% in the previous quarter — marking two consecutive declines. By technical definition, the economy is officially in a recession. Reports point to a deteriorating economy The latest GDP report shows services spending grew 4.1% while goods spending fell 4.4% — as well as…Read more
Has the market hit rock bottom? Look to capitulation signals
Are you trying to determine whether we’ve hit rock bottom in the market? For a clue, pay attention to this word in the next few months: capitulation. Waiting for the market to capitulate Capitulation is seen as a narrative change on Wall Street and correlates with widespread selling. But capitulation is also when investors want…Read more