2.9%. That s the new World Bank forecast for Global GDP growth and it s down 1.2% (29%) from their January estimate. Even worse, the World Bank does not expect growth to come back in 2023 – or 2024.
Want to make a quick $10,000? S&P 500 Futures (/ES) pay $50 per point and we re below the 50-day moving average at 4,416 – so that would be the stop line and 4,320 is the strong bounce line and, failing that, we have no support at all until the weak bounce line at 4,180 – 200 points below where we are this morning (4,385).
We made a nice $2,000 gain on the Natural Gas (/NG) Futures we discussed in yesterday s PSW Morning Report but then /NG came back down and we re-entered it in
TGIF – Ending the Week We Went Nowhere thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Non-Farm Friday – Is America Working? thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.