Joel Elconin – The Odds Of A 75 BPS Hike, Continued Market Weakness, Oil Breaks Out Again and Where’s The Bottom For Bitcoin?
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the key factors continuing to push markets lower. We start with Fed expectations which now have a 75 basis point hike back on the table. We then focus on the markets and possible catalysts, all of which seem to be negative. Next up we look at the tech sector with Oracle and Amazon moving in different directions for different reasons. Finally it’s oil and bitcoin, two markets also moving in different directions.