Morning Call 19/10/2022 - Profit-taking pressure increased, the index retreated to create more momentum
19/10/2022

Summary

Global stocks continue to gain momentum, but it is difficult to conquer higher levels. The NAHB housing market index in the US fell for the 10th straight month to 38 in October of 2022, the lowest reading since August 2012.

Domestic stocks  gained slightly, gaining momentum shrank towards the end of the session. According to a new forecasting model by Bloomberg economists, there is a 100% probability that the US economy will enter a recession in the next 12 months.

 

  • Domestic and international news
  • Bloomberg forecasts a high probability of the US economy going into recession
  • Technical view and recommendations #HAX, #TLG, #NT2, #NTP, #TNG
Category
Daily
Author
Le Tran Khang
Details

Page: 11

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File format: pdf

Size: 1.30 MB