This week will be crucial for the Indian & Global markets, as it’s one of the busiest week in the US with FED meeting coming up this Wednesday that would give guidance on Inflation and Rate hike. This event is followed by US GDP quarterly report coming out on Thursday, which will indicate whether US has officially entered into a recession or not (as per some Economists 2 consecutive quarters of falling real GDP constitutes a Recession), whereas our founder Mr. Vishal Ahuja had already written about Global Recession in his highly acclaimed article on Investing.com dated June 16th, 2022 (Follow the link here https://bluelakecm.com/the-world-may-have-stepped-into-a-global-recession/ )
Finally all the Big Boys like Google, Microsoft, Apple and Amazon are coming up with their earnings this week.
We’ll get much clarity whether the recent rally will wane off or this is a start of a sustainable bull phase and thus a significant upside can be captured. Accordingly, preparations for deploying fresh Capital or to exit Long positions would have to be provisioned for.
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