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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Investor2 who wrote (52906)5/7/2020 3:51:56 AM
From: Johnny Canuck  Read Replies (1) of 68206
 
Utilities signaling nasty recession?

>>>>>>>>>>>>>>>>

Europe predicting worst economy contraction if second way occurs.

"

The European Commission released projections on Wednesday that Europe’s economy will shrink by 7.4 percent this year. A top official told residents of the European Union, first formed in the aftermath of the Second World War, to expect the “deepest economic recession in its history.”

To put this figure in perspective, the 27-nation bloc’s economy had been predicted to grow by 1.2 percent this year. In 2009, at the back of the global financial crisis, it shrank by 4.5 percent."

nytimes.com
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