It's 30 Minutes after London opens and we are seeing red flags everywhere,
Two major event took place recently
On Friday Fed cuts the interest rates by point 50 basis that inverted yield curve to negative.
and russian announced to lower down the oil prices leading a price war with saudi producers.
Now, In our previous analysis we've mentioned about the key factors that will cause the next recession
Global economies were already hot and coronavirus is the hammer that hit everything hard. inflated stock prices and increased debt ratios against the actual valuation of the economy, we'll explain you in details on how it creates a bubble in upcoming analysis, sac Right now the conclusion is that we have entered into bear market and officially heading for a recession
Hence, we recommend to save more cash and do not dare to buy any stock assuming it as a dip it's not a correction but a start of an economic meltdown.
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UPDATE FEDERAL INTEREST RATES at 0% (Fear of this recession might not turn into a depression)
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Market opens with a negative -7%
Trade closed: target reached
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Target reached Perfectly.
Slight upward consolidation can be expected while president trump will host a meeting with the Feds,