MAY 17. Some risks have weakened

Chun09
3 min readMay 17, 2023

Let’s see what happened today. A lot of big things have happened. Russia have agreed on extending the Black Sea Grain Exports Program today.

It seems like Biden and Republicans have agreed on USA’s debt ceiling issue today. Somehow, USA’s local banks issue showed big progress, stock prices are rallying and deposits are growing.

President Biden is going to meet President Xi.

So, it was what a day…Now, we need to see what’s going to happen in G7 meeting.

US stock markets were rallying big today. A couple of bullish factors on the market. It seems like USA is not going to default for now and there were some progress on local bank issues.

DJ Index was up 1.2%, S&P 500 Index was up 1.2% and NASDAQ Index was up 1.3% today.

Apple was up 0.4%, MS was up 1.0%, Amazon was up 1.9% and Tesla was up 4.4%.

Two factors have changed the market today but any fundamental improvements here?

Market analysts don’t see anything good in near future and we can see that coming with some numbers of Target and Home Depot. It will be grim future for the most of retailers…

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Chun09

Trying every day, engraving what we’ve been through