Market Recap May 1 2020

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statalist
Published
Market Recap 05-01-2020

I. Equities/Futures:

1. Equities look like they're showing signs of weakness following a major rally during the month of April.

A. I probably should've looked at Amazon individually because it weighs so heavily in the index, but I didn't. Needless to say here, I think that there's some preliminary signs of weakness in the AMZN stock.

II. Commodities:

1. Oats, Corn, and what prices turning lower, with Corn especially weak.

III. Crypto

1. Bitcoin and Ethereum showing signs of weakness after a major relief rally. No guarantee that we're headed lower yet, just signs that the rally is failing.

IV. Forex

1. Commodity pairs showing weakness. USD showing weakness relative to other debt-backed currencies like JPY and EUR.

2. Euro and JPY looking stronger.

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Disclaimer:

Hold Harmless:

I am not an investment adviser. And this isn't financial advice. I cannot be held liable for your investment decisions. This video is for informational purposes only.
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Crypto Trading
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