Market Updates – The Big Plunge on Friday

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For the past 2 weeks, we have been calling shorts on all the major stock indices, as well as on the EUR/USD and the CRB Commodities Index. The latter has also led us to call shorts on many commodity stocks, including Sakari and Olam.

After the negative jobs data on Friday, and the US markets plunging, it is no surprise that the markets will open bearish on Monday. If the market gaps down significantly, I might consider taking some profit.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.