AMT Top Ten Miscellaneous Points for Friday the 27th of Oct.
10. Rugby World Cup: South Africa Springboks versus New Zealand All Blacks in a titan championship tomorrow.
9. Word of the Day: ‘Resilience’ as Israel’s business and start-up sectors remain focused and strong.
8. El Nino: Change to ocean currents still problematic, Acapulco hit by significant damage via Hurricane Otis.
7. Data: U.S Core Personal Consumption Expenditures Price Index could cause a reaction if the inflation numbers are higher than anticipated.
6. ECB: Pronouncements were consistent yesterday as Europe battles lackluster economy and elevated consumer costs.
5. U.S: Advance GDP results yesterday stronger than estimated, American consumers remain buyers.
4. Electric Vehicles: EV market showing fatigue as poor earnings from Tesla and other manufacturers confront investors due to ‘resource’ hurdles and as legitimacy of mass adaption is questioned.
3. USD: Trend and resistance levels under scrutiny from day traders and financial institutions as potential reversals are contemplated.
2. U.S Equity Indices: Dow Industrials, NASDAQ and S&P 500 now facing critical tests of late May 2023 support levels after yesterday’s selloff.
1. Behavioral Sentiment: Razor’s edge conditions in many assets are dangerous. Risk adverse elements are strong, timing a sustained shift of momentum is speculative.
