As uncertainty and volatility around the market and economy at large are on the rise due to aggressive monetary policy tightening in the face of stagflation and socio-political fear, resulting from central banks of the world interest rate hike which had further increase the fear recession. In all, these protection of your portfolio and capital is very important. So, with high interest rates and easing inflation, there are sectors and individual stocks you should exit right now. With many investors and traders wondering, what next from the current key support levels at ahead of MPC meeting and Q3 earnings season in October.
Will the market get worse before it gets better in the coming quarter and year. Let us look at the charts below to guide our decisions.
NGX BANKING INDEX
NGX 30 INDEX