Market Review and Trends
The U.S stock market rally which started 2 weeks ago is dead. China stock market fights back. Resume purchase of China, HK stocks (11 June 2022)
By Market Observer  •  June 11, 2022
Photo by Markus Spiske / Unsplash 2 weeks ago when the U.S stock market started a mini-rally (27 May 2022), I suspected it was a bear-market rally driven by profitable short-sellers covering their shorts. After 7 down weeks, short-sellers would be looking for an excuse to take profit. S&P500 suffered a mini-crash this week dropping 5.05% and it was the worst week of the year since January. This market action showed that it was indeed a bear-market rally. Take a look at the U.S stock indices in the table below. Visit this website for explanations on how to interpret the table Take a look at the internal market statistics of the U.S market. Visit this website for explanations on how to interpret the table Take a look at the internal market statistics of individual U.S sectors. Visit this website for explanations on how to interpret the table Only the energy sector looks healthy....
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By Market Observer
I have more than 15 years of navigating stock markets. Did the markets make me rich? I humbly admit I have rich experience in losing money but managed to earn back enough to not be stressed out over money today.
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