Joel Elconin – Consumer Confidence Continues To Disappoint As Markets Continue To Correct, Even Commodities Are Now Correcting
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the selling pressure on markets again today. Driven today by the weak consumer confidence number there seems to be little to no relief for the continued selloffs. We discuss commodities now joining the selloff as well.
Click here to visit the PreMarket Prep website to follow along with Joel’s market commentary.
Pretty much the same story everyday. There was one day last week Emerita opened up $35k for me and closed negative. NG was up early and taken down today. Everyday the same pattern. My theory is that algos are going to keep commodities from performing until the Chosen Ones believe they have worn out their silver bullets. Miners oversold but a nonissue.
Somebody stepped up near closing and pushed price from $.81-.88
NG Energy(GASX) down today even though they continue to find more gas. Much discussion about it on ceo.ca today.