23/8/22. Overnight: havoc on overseas markets.
Dow Jones -1.91%. SP500 -2.14%. Nasdaq -2.55%. Small Caps -2.25%/. Banks -2.29%.
The U.S. 10-Yr T-Note yield jumped back above 3%
In Europe: U.K. -0.22%. Germany -2.3%.
SP500.
The gap left on 10/8/22 has now been filled.
SP500 is down to a congestion zone which occurred in both May and August.
Expect consolidation here.
Commodities.
Despite heavy falls in stocks, Commodities were generally positive.
Commodities Index +0.99%. Energy +1.21%. Base Metals +0.75%. Agriculture +0.8%. Gold went the other way, -0.66%.
Those Energy and Base Metals prices should soften the impact of overseas stocks on our market today.
After 20 minutes of trading, XJO is down -0.5%.
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