MORNING MINUTE JUNE 23rd

Good morning everyone. Darren at Leviathan Financial. So this morning the stock markets are softer. This is after, , weaker than expected pmi, that’s purchasing managers, index out of Europe and Japan. Uh, the, I’ll talk about that in a minute. Uh, just a brief look in the market. So, , dollar is gonna look to end the week on, , the front foot.
While stocks have petered off from their strong five week rally, so that’s gonna come to an end, today. Uh, however, you know, there’s always, uh, correction the offing after such a, a long run up anyway , but anyway , back to the pmi. If this number goes below 50, that indicates that the economy is heading into a recession.
Uh, so after the European ones, we now have the US ones, , that will be out at the usual time of eight 30 Eastern. We also have a couple of Fed speakers today, Bullard and Mester specifically, who will indicate again, probably the same, , rhetoric that, chairman Powell came out this week, in which we could possibly see another two more hikes this year, , before we are finished with this cycle.
of hiking. Uh, so anyway, it’s Friday, so everyone have a wonderful weekend. Good luck training, and that’s about it.