Will the stock exchange fall?
My goal is for BIST 100 to go from 14,400 to 13,400, which means I’m expecting a drop of nearly one thousand points. The index is very close to the May peak at 15,205.
For 8 weeks there has been foreign buying, and it has been a strong rally story.
This week there is the FED interest rate decision. If rates are raised, money will move back from developing countries to the U.S., and that will have a negative impact on us.
The CBRT has kept the interest rate at 37% for 8 months; high interest rates slow down the inflow of money into the stock market. Not investment advice
My goal is for BIST 100 to go from 14,400 to 13,400, which means I’m expecting a drop of nearly one thousand points. The index is very close to the May peak at 15,205.
For 8 weeks there has been foreign buying, and it has been a strong rally story.
This week there is the FED interest rate decision. If rates are raised, money will move back from developing countries to the U.S., and that will have a negative impact on us.
The CBRT has kept the interest rate at 37% for 8 months; high interest rates slow down the inflow of money into the stock market. Not investment advice