INVESTORS PAY ATTENTION TO ALARMING DATA FROM CHINA – OIL FALLS ON GLOBAL RECESSION FEARS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Alarming New Data
Please click here for a chart of oil ETF (USO).
Note the following:
- Prudent stock market investors need to pay attention to the alarming data from China.
- It is perfectly fine to join the momo crowd for short term trades as long as you take the additional step of tight risk controls, but it can be disastrous for the long term investor to join the momo crowd in ignoring the data from overseas.
- The world is interconnected. The US stock market is not insulated from developments in China.
August 15, 2022