Wednesday Brief: 5 Things Traders Need to Know Today

A number of indicators are pointing to a global economic recession, despite the recent vitality being returned to Chinese equity

Quote of the Day

“Adventure is not outside man; it is within.” 

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5 Things You Need to Know Today

Now is NOT the Time to Start a Shipping Company. The Baltic Dry Index, which measures shipping costs, reached an all-time low. China’s economy is slowing. Demand for shipping is down. Many analysts worry that this is a sign that the entire global economy is set for recession.

The Entire Global Economy Is Set for Recession. Concerns about unrest in the Middle East, plus a poor showing in the Asian stock markets, coupled with a number of made-up reasons, has brought strength to the Japanese Currency. The yen is a safe-haven currency and when the global economy hits the proverbial fan, it goes into orbit.

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Chart of the Day

When the world economy goes into the toilet, the Japanese yen gets stronger. And it won’t matter that the Fed is going to hike rates. I am watching for a sell trade below 122.20, with a target down into the 118 area. And I’ll add to the trade if it goes my way.


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