For The Weak US Data It’s All About Global Growth Concerns

October 2, 2019

After a disappointing ADP jobs number today that was preceded by the weak manufacturing data yesterday the overwhelming factor pointed to is global growth concerns. As much as Trump wants to push on the Fed to lower rates business are not willing to borrow more money and invest when the global outlook is so cloudy.

Ed Moya, Senior Market Analyst at OANDA joins me to focus on this overwhelming point. We look to the sectors that are showing this as well as some of the upcoming political events that have the potential to either clear up the situation or drive the world further into a recession.

Click here to visit the OANDa website and follow along with what Ed it writing about.

    Oct 02, 2019 02:23 AM

    YOU DO REALIZE THE FTSE, DAX and CAC were and are still down MORE than U.S. Indices.
    The initial drop in the US was simply an inevitable reaction this morning.

    What happens by the end of the week is more important, for the long term.
    This could be a long awaited drop, but it could also be reversion to the mean…..I don’t know.

    Oct 02, 2019 02:58 AM