Joel Elconin – Kicking Off The Year – Market Down Lead By Tech, Dollar Up, Energy Down, Precious Metals Up
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show joins us to recap a wide range of market moves to kick of 2023.
We start with US markets, that are selling off today, lead by tech stocks. Energy stocks are also lower as Natural Gas is the biggest loser on my screen, down 10%. We then move to the rise in the US Dollar balanced with the rise in precious metals. Finally we touch on the financial stocks, focused on JP Morgan. He is weighing the threat of recession with how well the bank stocks have done.