Is the Ukraine News Bullish?

June 26, 2023
Author: Peter Stolcers, Founder of OneOption

It is still too early to tell what impact the Wagner Group's withdrawal will have on the war. European markets were down slightly.

PRE-OPEN MARKET COMMENTS MONDAY – I don’t have much to add since the video I posted Sunday. Durable goods orders and the third estimate of GDP are not likely to move the needle much this week. Official PMIs are not likely to have much of an impact either since we got the flash numbers a week ago. China does not release a flash PMI so we will get a fresh look at their month Thursday. We had “Fed Speak” last week during Powell’s Congressional testimony so Fed comments are not going to have much of an impact this week. This is a 4-day holiday coming up for all intents and purposes. I plan on taking next Monday off. We are likely to see a little more selling pressure in equites the next few days as Portfolio Managers rebalance into the end of the quarter. Given T+3 settlement on equities, this influence should wane after Tuesday.

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