Daily Alert – Thursday 15th September 2022: Equities remain cowed by inflation

Mark NugentDaily Alert, Sept 2022

Daily Alert – Thursday 15th September 2022: Equities remain cowed by inflation

Good morning.

European Commission President Ursula von der Leyen made her proposals yesterday to protect the economy from surging energy prices. There’s a lot of energy market technical stuff involved, a EUR140 billion raid on energy companies, as well as plans to lower energy consumption and other measures. The European Securities and Markets Authority have until the 22nd of September to respond.

Wednesday’s sentiment was indecisive. Equities did not recover from the US CPI-inspired drop on Tuesday.

My WTI long trade got its head above water, just. I will not watch it go negative.

That is probably that for me in terms of trading this week. There is little of note remaining on the economic calendar. I will nurse my WTI trade and hopefully make a profit.

Tomorrow, I will send you a brief video of last week’s Trade 38 (WTI long) which made a modest 1.2 percent.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE