Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 7th of February.
After getting pummeled the past several weeks, the markets recovered some this week and appear as though the indices are going to close out either flat or with modest gains. Many popular stocks are showing gains on average of about 3%, not a bad move given how much they were pushed down.
Gold and crude oil also moved in the same direction, each gaining on average a little less than 1% for the week. The mighty Dollar on the other hand did not fare so well this past week, losing close to 1% in heavy interbank trading. Continue reading "Is This A Dead Cat Bounce?"