S&P June Stock Market Lows - To Break or Not to Break?
Stock-Markets / Stock Market 2022 Sep 26, 2022 - 10:13 PM GMTStock Market - To break the June Low or not to break the June low, that is the question?
Or is it? Yes the S&P priced in sterling really did trade at an new all time high in August!
So the bear market pain flows both ways, pain for those seeing stocks fall to June lows and pain for those unable to participate in the sell off because US stocks are failing to drop in ones domestic currency presenting very few buying opportunities such as AMD that has come tantalising close to it's June low in GBP.
(Charts courtesy of stockcharts.com)
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By Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
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