Subscribe to the BlogThe month of May has been very bad for the US markets with both Dow Jones and Nasdaq losing out all their 2010 games in a matter of days. In fact the US markets lost over 10% in a single trading session in May 2010, in a matter of just 20 minutes, which was later on confirmed by the authorities as a technical flaw.
But since then there has been many positive data flow from the US in terms of unemployment and also home sales. Even the consumer spending data has been above expectations while the durable goods order position has also been able to register a positive growth.
And the month of June 2010 could also be good for Europe due to the expected short covering that is overdue. So expect a short term surge in US markets this month, say experts.