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The recovery of the US stock market has always been observed because it is a phenomenon that contrasts with investor sentiment Because the United States, Affected by the COVID-19 epidemic, is the country with the most infections and deaths in the world. But the stock market skyrocketed
US Dow Jones Industrial Index Closed Wednesday, September 3. Rising to the level of 29,100 points, only 200 points remain, the fraction will create a new high Breaking the previous high before the “COVID-19” crisis at 29,300 points on January 17, 2020, while the S&P 500 index and NASDAQ Creating continually new highs
but After September 3, the Dow fell for three consecutive days, with September 4 falling 807 points, September 5 falling another 159 points and September 8 falling 632 points for a total of three days falling 1,498 points, closing . At 27,500 points, the S&P and NASDAQ index put its head in the same direction
The cause of the great recession is due to Profit Aggravated by the new trade war that erupted after President Donald Trump announced a reduction in economic ties with China. Ready to threaten to punish US companies Create jobs abroad And discourage US companies To invest in China Failure to obtain a business contract with the US government China immediately announced a response plan.
The Dow Jones is the leading flag of the stock markets around the world. Including the Thai stock market which often moves in the direction of the US stock market.
And the stock index’s slide below 1,300 was due to the impact of the Dow.
Investors are concerned that US stock market Will there be a bubble burst or not? Because the recovery of the Dow from a low range of 18,000 points “COVID-19” The epidemic was so severe that it stood at 29,100 points, a recovery in line with the state of the US economy and investment. That is affected by “COVID-19”
If the US stock bubble bursts, it will be big bad news for global equities. And the Thai stock market Which already has a lot of internal problems Probably sank into the abyss again Until I can’t foresee that How hard will the stock index crash?
In fact, the Thai stock market has not fully recovered with the US stock market due to internal pressure. And the sensitivity of the second round of the coronavirus Severe economic stagnation And there is still a political situation to be watched Especially the youth liberation mafia movement Which held a large meeting at Thammasat Tha Phra Chan University on September 19 this
The bad news in the country has caused the stock to fall from 1,450 points and fall from the key support 1,300 points. By short-term trend Most analysts estimate that I still have a chance to adjust the base lower AND I did not see any signs of rebound
Because there is no good news that propels There is only bad news that must be observed. Both the bursting of the US stock bubble Both the US trade war With China erupting a new round AND the political situation in the hot country near the breaking point
Short-term equity markets are at risk. Some investors choose to wait and assess the situation from a distance. Until the negatives, the bad news fades
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