Market Retreats Amid ISM Manufacturing Slump: August Volatility Looms

The market reversed recent bullish momentum following a disappointing ISM Manufacturing report, raising fears of economic slowdown or even stagflation. The critical support level of 5,400 was nearly tested, and a break below 5,380 could give Bears the upper hand. Kevin discusses the historical volatility of August and suggests traders to brace for increased market turbulence in the coming weeks.

Market On Close

01 Aug 2024

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