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Proof of Life

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Proof of Life

Introduction

This article was posted on Friday, 10:11, UTC.

Donald Trump’s presidency so far has been anything but conventional. His main goals have been to reform healthcare and the Rubik’s Cube that the USA calls a tax code.

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For all the good he’s trying to do it seems that it’s always the side projects that get all the attention but something just happened that doesn’t seem to be getting the press attention it should.

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(Link to full article)

A bold move for certain. Chinese institutions tend to have a high level of cooperation with the government so it will be interesting to see how President Jinping reacts to this.

Of course, the stock markets will only care about this if it somehow gets in the way of the tax and healthcare reforms mentioned above.

Mati Greenspan
eToro, Senior Market Analyst

 

Please note: All data, figures & graphs are valid as of June 30th. All trading carries risk. Only risk capital you’re prepared to lose.

Market Overview

Hooray! After weeks of little to no movement, we are finally seeing volatility in the stock markets. After a record breaking hot month of June with record low market volatility, something is finally happening.

Here we can see it in all it’s glory. The VIX (volatility index) chart rather resembles a pulse. Proof that the stock markets are indeed alive.

Not that 15 points on the VIX is so incredible. The day of the Brexit referendum and Donald Trump’s election saw 25 and 22 points respectively, and the record high during the financial crisis was almost 60 points but it’s certainly better than the all time low of 9.37, which we just saw on June 9th.

What’s moving?

In a word… IT.

Tech stocks are taking a significant hit. Of course, if we zoom out on the Nasdaq we can see that the performance since the beginning of 2016 has been outstanding.

… but the recent cooling in the tech sector is getting the attention of our top tech traders…

…in most casses, cooler heads prevail…

Where’s the money going?

Money goes to money.

The financial sector is making out like bandits. Banking stocks continue to rise despite the red all around them.

What’s next?

Today will certainly be interesting. If we can get another volatility pulse this market could certainly come back to life. There’s plenty of interesting items on the economic calendar today.

Traders in all asset classes should keep on their toes. Have a wonderful weekend.

This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation.

Past performance is not an indication of future results. All trading carries risk. Only risk capital you’re prepared to lose.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Mati Greenspan

Mati Greenspan

https://www.etoro.com/

Senior Market Analyst at Etoro.com.

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