Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 10th of July.
Score one for Spain. However, this short-term Spanish victory did not get Spain or Europe off the hook by a long shot. There's still much to be done and somewhere along the line someone has to bite the bullet.
China also appears to be slowing down dramatically and that could further exacerbate the contagion effect, not just for China but the entire world economy. This week could mark the most important week for the stock market. We are not convinced that the German courts or the public will okay the current new bailout fund. Stay tuned, as it's going to get very interesting. Continue reading "Daily Video Update: This week could set the tone of the markets for the year!"
