3/4/23. Wednesday Morning Finspiration Report.
U.S. declines with banks and energy leading to the downside.
Dow Jones -1.08%. SP500 -1.1%. Nasdaq -1.08%. Mid Caps -1.43%. Small Caps -1.9%. Banks -4.47%.
SP500.
Monday's doji candle stick evolved into Tuesday's bearish candle stock.
Short-term the SP500 is bearish. It looks like the big punters are betting on an unfavourable result from the Fed meeting due tonight (Ox time). The market expects a small rise in the Fed's interest rate - guidance is debatable - but Tuesday's action is looking pessimistic.
Commodities.
Commodities Index -2.27%. Energy -4.22%. Base Metals -1.76%. Agriculture -0.92%. Gold +1.93%.After ten minutes of trading, XJO is down -0.6%.
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