Now: Risk-Off Still the Main Theme
Uncertainty of the market still become the main topic as risk-off mode still on the air. The slowing of the economic growth couple with soaring inflation has become the main dread for everyone. At the beginning of the day, King Dollar has become the main attraction as everyone running for safe haven, but the situation changed during the final daily session yesterday.
According to the current labour market data that released last Friday, it shown that the current US labour market is far above compared to the rest of the major economies. Thus, it is concluded that US has the highest chance of persistence in the upcoming global recession in which will put their economy far better than the rest of the world.
This signal has giving hope for the Equity market and will make US economy more attractive to global investors.
13 July 2022