JUN24. OVERSOLD situation and its RECOIL ACTION…
Another interesting week ended.
Global commodity prices were down hard the whole week, which eased the inflation worries and equity markets rebounded nicely.
This week, DJ was up 5.4%, S&P 500 index was up 6.4% and NASDAQ index was up 7.5%.
European’s STOXX 600 Index was up 2.6% and MSCI’s index was up 2.6% as well.