Stock market forecast for Monday, June 29, 1402 / Traders’ dizziness in the stock market – Tejaratnews
According to Tejarat News, Sunday market transactions showed that the mass behavior of shareholders has not disappeared from this market yet. Because today, with some symbols becoming negative, including the cars that are known as market leaders, the market’s direction was on the downward side.
The stock market has been experiencing a correction phase since the middle of May and has not been able to experience a stable upward path yet. Over the past weeks, the value and volume of transactions have gradually decreased, and it seems that traders are in fear and hope to enter trading.
The stock market is in recession trap
Political uncertainties, news that each contradicts its previous news, contradictory statements by the parties to the JCPOA, economic hardship, Khalq al-Saa’ policies in the field of economic activities, and other such cases, have plunged the stock market into uncertainty. The behavior of traders also indicates the same confusion and uncertainty about the future of the market.
At the same time, the stability of the dollar price has caused this strong stimulus to fail. Accordingly, there is no longer a stimulus for the stock market to bring the transactions back on track.
The current market trend is such that it lacks dynamics in both downward and upward directions. The volume and value of small transactions have decreased to such an extent that the only assessment and assessment of it is that the market is sinking into recession.
Monday stock market forecast
It seems that the stock market is still a victim of traders’ confusion in the uncertain political and economic environment. Meanwhile, the market is waiting for the monthly and quarterly reports of the companies to clarify its future path at least until the assembly season.
On Sunday night, car manufacturers, who had plunged the market into a negative expectation phase these days by not publishing their reports, finally unveiled their one-year performance. A performance that, according to expectations, has had nothing but losses.
Although the result of the performance of the car manufacturers under the knife of the command economy was not hidden from anyone, but still, it is expected that the psychological pressure of publishing reports will be removed from the market and thus the stock market will find its way back to its original track.
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