Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 24th of September.
Stocks are down today, as global economic growth concerns again take center stage. Worries over a global economic slowdown and the strengthening dollar pushed commodities down, further weighing on the markets. Crude Oil and Copper are taking a hit as demand in China slows down.
In Europe, stocks were decidedly lower as concerns over Greece and Spain intensified. Spain remains in focus this week, with the results of bank stress tests due Monday.
Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video
Every Success,
Jeremy Lutz
Trader Comments