What’s happening to global stock markets?

A surprise shock to the world order is always going to upset the markets, says John C Burford. And that’s exactly what we’re witnessing.

As a technical trader, I have to keep an eye on the large global, macro, political and economic developments. A surprise' shock to the world order is always going to impact the financial markets. And that is what we are witnessing today.

Global tensions are ratcheting up with the Ukraine situation pitting Russia against the West. The world is nervously waiting to see what form the promised US sanctions against Russia will take. Whatever they are, they are negative for bullish sentiment.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.