JUN 23. Recessions start with DEMAND DESTRUCTION…

Chicago Futures market, Wheat chart, From the top, 25% retracement…

It was the second day of Mr, Powell’s Senate hearing about the current economic difficulties.

He once again, clearly stated that “ need to cut down the inflation at all cost “ and “ recession is possible “

The recession possibility is bringing the fears to the market of course. France and Germany’s May PMI numbers were weaker than expectations.

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