XJO - Bear Posts only (Factors which might cause the markets to fall), page-22720

  1. gve
    15,032 Posts.
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    https://hotcopper.com.au/data/attachments/7039/7039086-93bf7b7fe846430881fcb2dc8e80f2c2.jpg
    On May 21, a lackluster 20-year U.S. Treasury bond auction delivered what can only be described as a resounding vote of no confidence in Washington’s economic stewardship.

    WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for jobless benefits increased more than expected last week.
    • Weekly jobless claims increase 14,000 to 240,000
    • Continuing claims rise 26,000 to 1.919 million
    • Corporate profits fall $118.1 billion in first quarter
    • Economy contracts at 0.2% rate in Q1 by all measures.
    SPX action on the 21st and 29th looking toppy.
 
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