Market Report for May 20 2022
Thursday was another choppy session that had risk sentiment surrounding it with a slightly heavier than average volume. However, unlike the day before, a few sectors saw some strength.
With the re-opening, many retailers have not managed to cope well in earnings and many have issued disappointing guidance. It seems the good news from this round of earnings s that it is coming towards the end.
For Friday, the market looks bullish but this market is volatile and swings about quite a lot. We are still mainly in cash and watching.
No change to our book yesterday.
Let’s go trade!