Market's comments on the market

Marcus Padley

Marcus Today

Dow down 358 and closed on its low - If you look at the technical picture the market has broken the long term uptrend. It’s a technical observation not a prediction. The media is awash with excuses: Tsipras resigning sending Greece into a September 20 election. Talk that the PBoC (Peoples Bank of China) will downgrade official growth forecasts to 6.5%. The FOMC looking like it will delay a rate rise - suggests it is concerned about a lack of growth and the stubborn lack of inflation. Technical selling as the S&P 500 dropped below the 200 day moving average. To read more click here - (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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