Market Dips Ahead of US Elections
November 8, 2022
The market was down in yesterday’s trading as profit taking and no constructive headline offered any support. The market also sold off as China waffled a bit on the idea that they may be easing there strict Covid zero tolerance lock down system. The US dollar was trading lower but that wasn’t enough to support energy prices but at some point, it will bring buyers to crude oil.
The market continues to move up and down on headline news and are congesting buying time looking for the next big item to move the market. Today will be all about the election and keeping up with key races.