US Treasury Secretary Bessent welcomes lower stockmarket - says straight up is not healthy ...Middle East

Bessent has continued intervening in equity pricing, pushing markets lower with his weekend comments in an interview on NBC's “Meet the Press”:

Bessent said he was “not at all” worried about the stock market “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal. What’s not healthy is straight up""You get these euphoric markets. That's how you get a financial crisis"

For traders, the enhanced volatility has presented enhanced opportunity!

As a ps, don't forget the upcoming roll in contract dates. The Monday before the third Friday of an expiry month is the generally accepted roll date, although you can roll whenever you like. A reasonable alternative is to watch for the switch over in volumes. I'll have more to come on this separately.

This article was written by Eamonn Sheridan at www.forexlive.com.

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