Stock Market Update | February fifth 2024

Welcome to this week’s market replace! No video this week as a result of I’m not in a spot to document one, however I did not need you to overlook out so let’s do it the previous trend method.

I used to be fascinated to see how a lot variation there was within the world markets this week. As you may see within the desk under, there’s a mixture of each inexperienced and purple.

While the US market continues to indicate energy, notably within the Nasdaq, that’s not probably the most attention-grabbing story happening in my opinion. In the final month we now have seen the Chinese markets getting demolished. The newest casualty is mega property developer Evergrande… this has been a very long time coming, so was not a shock, however it does present how weak the Chinese markets are proper now.

Of course the worry and weak point from the China mainland rapidly impacts Hong Kong as properly… I’ve talked about my Hong Kong quick system a couple of instances just lately and now that January is all wrapped up I can see that the system was up 13.5% for the month of January.

I do know I discuss this on a regular basis, however is not it superior to have the ability to revenue when the markets are falling?!?!

But what’s much more superior as a dealer is to have the ability to revenue from the US, Canadian and Australian market rising, and the Hong Kong market falling on the similar time.

Source link

#Stock #Market #Update #February #fifth