Reply To: Market Wrap – No Fear for Market Bottom Pickers, Oil Bounces Hard May 19, 2022

#37051
Truman
Participant

Contrarian-minded buying interest in face of another week of large losses for the major indices
DJIA on track for eighth straight losing week
PBOC provides stimulus trigger by cutting five-year loan prime rate 15 basis points to 4.45%
Solid, upside moves in foreign equity markets lends supportive pre-market tone for U.S.