The US markets are trading downwards against the backdrop of trade disputes and thin liquidity caused by the coming three days off and the summer season that is over. The volumes of the SP500 are about 25% lower than the previous three weekends, allowing speculators to dictate the rules in the last hours of the week. Despite the rise in oil during the week, energy companies are the losers, along with telecoms. In addition, the lack of a deal between the US and Canada pushed traders to accumulate the worst possible scenario, which in turn led to a sale of shares, both in the US and in Canada. It looks like stock market negativism is going to be the next week, as Trump has stood out for China, Europe and Canada over the past 48 hours, and she is definitely not friendly. I expect the automotive sector to continue with the downs and next week.
Source: Bloomberg Finance L.P.
Charts: Used with permission of Bloomberg Finance L.P.
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