Overnight Market Review (2022.6.23) On Wednesday, the market’s worries that the Fed’s aggressive interest rate hikes will lead to a recession intensified, US stocks fell, and oil prices fell.
Global Gold Markets: Gold futures were little changed on Wednesday at $1,838.40 an ounce.
At midday in the Asian market on Thursday, gold futures prices continued their consolidation trend. However, Federal Reserve Chairman Jerome Powell had previously stated that the Fed would make every effort to reduce inflation, indicating that the bank will actively raise interest rates in the future, putting pressure on the gold market outlook.
U.S. stock futures edged up in pre-market trading on Thursday, with an uncertain economic outlook hanging over financial markets after Federal Reserve Chairman Jerome Powell said in a Senate hearing yesterday that there was a possibility of a recession.
For the current situation, focusing on fundamentals and stock picking is king. In the current downturn, stock picking is important, he said. Furthermore, fundamentals have been less important than factors such as momentum and investor enthusiasm over the past few years. But the fundamentals of earnings, the fundamentals of profit margins, the fundamentals of inflation and interest rates all have a big impact on investors in the future.
Trading strategy deployment: it is recommended to go short at high levels
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.