Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 21st of June.
Well, it could mean Dimone as in Jamie Dimone from Citibank, or it could mean Depression as in world, or it could mean Deflation. The question is, are the markets moving into what appears to be a deflationary cycle? With the continued weakness in crude oil and gold, it all points to less demand in the world markets for oil. And with gold down almost $40 today, it says that investors are fleeing what was a hedge against inflation. The Reuters/Jeffries CRB Index is now at its lowest level in over 22 months, yet another sign that we are in a deflationary environment.
As an investor/trader, what can you do? Continue reading "Daily Video Update: What does the "D" word mean to you?"