Markets typically dip about 1% around week 23 in early June, a known seasonal pattern. The speaker warns against panic trading and notes that brokers often exploit these dips to push unnecessary trades for their own profit.
Why is it down? Well, generally the 23rd week of the year, 50% of the time it's down and it's down by 1%. The next few weeks tend to be good. This tends to be a fairly bearish week. If you wanted to know why is it down at the moment? Well, the week tends to be a bad one. And my clients know this, so they know not to panic, but other people will be thinking, oh my God, is this the beginning of the end? Which it could be, could always be the beginning of the end. But it tends to be that these two weeks, week 23, the first week in June tends not to be pretty good. We were already ready for that. And by having this dashboard for clients, it's not to get them to trade. As I said, it is actually to do the opposite. It's get them not to trade. If a broker gets their hands on this, they'll want you to trade. That's what they want you to do— trade. If a website gets their hands on it, they'll say to you, pay us lots of money and you can use this, and then they'll partner with a broker to try and get you to trade. A newsletter gets their hands on it, they'll come up with some bullshit hypothesis to try and sell you the newsletter. Okay, what we're trying to get you to do is neither of those and just say, listen, keep calm, relax, don't do that. Right? So what's the— and I've got, I know I've got quite a lot of questions. I will answer the questions. I can see them on the box. Maxwell, Jim, Fana, Lana, Michael, everyone else. I will come back to those. So what's the outlook? What's going on in terms of all of this?
