Korelin Economics Report

Joel Elconin – US Markets, Gold and the USD Reverse At Key Levels, Is This The Start Of A larger Pullback?

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show and Editor of The PreMarket Prep website wraps up our Daily Editorials for the week by focusing on the reversal for most markets on Friday. US markets and gold reversed from key technical resistance levels while the USD bounced off support that could have seen it move to lows for 2023. Joel points to the rotation out of tech into financial stocks on the bank of big bank earnings as one factor but the overwhelming theme remains, market are range bound.

 

 

 

Click here to visit Joel’s website – PreMarket Prep.

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