Will The Market Hammer Fall?

As I said recently, being data dependent means higher volatility as markets swing from bullish to bearish and back. While in Australia the bulls ran hard on Friday, later Wall Street experienced a significant notable downturn as investors responded to the news of a strike by the United Auto Workers against leading automakers Ford, General Motors and Stellantis. U.S. manufacturing output barely rose in August amid a decline in motor vehicle production before any industrial action starts. Adding to the volatility was the fact that piles of derivatives contracts tied to stocks, index options and futures expired on Friday, compelling […]