"Over the course of the next five or six trading days, until the meeting, we're going to have some back and forth," Wren said, referring to the Federal Reserve's policy meeting June 28-29.
i wouldn't be putting my money on the table until after June28-29. should the Fed Reserve indicate further interest rate rises this year, then you'll get another BIG wave of selling.
Not only that we may get some late end of financial year selling on the ASX.
remember we had the same thing last week, Thursday & Friday both traded well..then with some hawkish comments made sent another sell off on Monday & Tuesday.
i suspect the Dow Jones will be weaker next week as we get closer to the Fed Res Meeting 28-29. Too many negative comments being made at present & no doubt they'll continue next week.
IMO it's time to be cashed up..
regards
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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