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May 27, 2023 | Tech Talk for Saturday May 27th 2023

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Big cap technology stocks and their relation to Artificial Intelligence (AI) dominated upside technical action last week. Excluding stocks in this sector, most U.S. and Canadian equity sectors moved lower.

Resolution of the U.S. debt ceiling has not arrived yet. New deadline officially is Friday June 5th, but unofficially the deadline is June 15th. History is repeating: Brinkmanship typically occurs before a deal is reached, but a deal inevitably is reached in the nick of time.

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May 27th, 2023

Posted In: Tech Talk

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