Joel Elconin – Is This Market Rebound Actually The Start Of A Risk On Trade?
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMakret Prep website joins us to recap the extremely volatile US equity markets. After falling hard to end last week, the markets started Monday off by continuing to selloff. However in the last hour of trading yesterday they rebounded and today are fighting into positive territory. While there is no telling how the markets will react to the Fed statement tomorrow this little bit bounce is tempering at least some of the near term recession fears.
We also discuss the selloff in commodities, especially precious metals, as well as how China’s ongoing lock-down is hurting all economies.