Trading Plan – Monday 8th July 2024: US recession closer than we think?

Mark NugentJuly 2024, Trading Plan

Trading Plan – Monday 8th July 2024: US recession closer than we think?

Good morning.

In the French parliamentary elections, Marine Le Pen’s right-wing National Rally has been pushed into third place by Macron’s centrists and an uneasy alliance of various leftists. The markets are calm. It is far from clear how this will pan out, but the perceived “threat” from Le Pen has been nullified.

The economic calendar is quite sparse this week. The highlight is US CPI on Thursday.

In the video, I take you through an article on the Sahm Indicator, which is a leading indicator for recession in the US. Despite lots of positive economic data, the US economy is closer to recession than we might think. Maybe we will get that equities correction I have been waiting for forever.

In the video, I go through my trading themes for the week.

I’ll be back on Wednesday.

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