Market Analysis Navigating Geopolitical Challenges Amid Market Bottoming October 13, 2023
Market Analysis Navigating Geopolitical Challenges Amid Market Bottoming October 13, 2023
Market Analysis Navigating Geopolitical Challenges Amid The bulls showed promise during the overnight trading session, only to retreat amidst rising geopolitical tensions involving Israel and Gaza, compounded by Hezbollah's looming threats. While these geopolitical developments are undoubtedly causes for concern, it's critical to understand that significant market lows often coincide with external stressors.
Despite geopolitical events, the Dow Jones Industrial Average closed on a positive note, although broader indices languished.
One of the charts that we are watching for a new uptrend to begin in the S&P500, a break above 92.67 as of this week in the TLT ETF October 13, 2023
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