U.S. stocks took a hit Thursday on concerns around global growth after the European Central Bank cut its forecast for 2019 and announced plans to stimulate the European economy, but Wall Street experts say it's not all bad.
• UBS' Art Cashin said Thursday's drop was a sign"that things are slowing down. We're getting more and more reports that this face-off between the U.S. and China is beginning to affect global trade as a whole, and Europe seems to be floundering a bit. You've got nothing good from Draghi. You're at important technical levels. Monday, you had gone down and had a nice bounce. Yesterday, we retested those lows, but we didn't get a bounce.
Phenomenal work by Liz Young. Her analysis really stands out in this video.
Well said, hope to see more posts like that, highly recommend to check our friends, they working on delivereing tweets from all major coins at lightning speed instacryptonews
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »