Global Shares Edge Lower Amid Wall Street Retreat
Global stock markets moved mostly sideways this morning after an overnight retreat on Wall Street.
Asian shares fell about 2% as the Reserve Bank of Australia chose to keep interest rates at their current record low. However, investor confidence about a recovery is strong amid promising economic data from a number of economies that have reopened this summer.
But is it enough to keep the U.S. market moving higher?
In today’s video, I have more on the basic principles of relative strength… an update on basic materials and construction data… which sectors are due to rise and fall… and the two weakest stocks in the retail sector.
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