Finspiration Australia. Chart Analysis for Australian and International Stock Markets

30/6/22.  Overnight.  Mixed results in the U.S.

 Dow Jones +0.27%.  SP500 -0.07%.  Nasdaq -0.03%.  Small Caps -1%.  Banks -1.05%.

SP500.

SP500 had a narrow range day and is stuck between support and resistance.  Wait.

Commodities.

Commodities Index -1.72%.  Energy -2.56%.  Base Metals -0.25%.  Agriculture +0.63%.  Gold -0.08%.

Iron Ore -0.1%.  Thermal Coal -3.4%.

Overnight Oz Futures were flat 0.0%.

It looks like a flat opening on the XJO.

In economic news, U.S. GDP contracted at a -1.6% year-on-year pace in the first quarter of 2022.  Jerome Powell, Chair of U.S. Federal Reserve Bank, reiterated its stance that the Fed's job is to prevent higher inflation, i.e. raise interest rates.  It seems to me that the U.S. is headed for recession defined as two quarters of negative growth.