Below i publish a story of the simplistic peoples way of looking at a market. The fundamentals show us a major stock market crash is on the near horizion….. that takes a lot of work. Lines on a chart a monkey can do! S&P 500’s support is at 3900, then 3760 — the December 2022 …
Fed’s preferred price index rose 5.4% in January, core up 4.7% Inflation-adjusted consumer spending increased most since 2021 The Federal Reserve’s preferred inflation gauges unexpectedly accelerated in January and consumer spending surged after a year-end slump, adding pressure on policymakers to keep ratcheting up interest rates.The personal consumption expenditures price index rose 5.4% from a …
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Fatih Birol of the International Energy Agency issued a warning to the European Union in an interview with the Financial Times, urging Russia to speed up preparations for the upcoming heating season without any energy supplies. Biol claims that the EU has “moved mountains” and avoided a full-blown energy crisis largely as a result of …
Continue reading “IEA says Europe’s energy war with Russia not over”
After plunging for six straight sessions on economic growth concerns, oil prices have now gained over 2% on the back of indications that gasoline demand is starting to improve alongside a weekly decline in U.S. gasoline inventories. On Thursday, the Energy Information Administration (EIA) released its weekly inventory report, showing that while crude oil inventory …
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Russia will slash crude exports from western ports by one-quarter in March and April, expanding the 500,000 barrel-per-day cuts it announced for next month in apparent retaliation for Western sanctions, Citing three sources in the Russian oil market, Reuters says that the plan to cut exports by up to one-quarter from Western ports goes beyond …
Chesapeake Energy will be slowing drilling for 2023 amid a sustained plunge in natural gas prices, with other operators following suit in the American shale patch. On Wednesday, Chesapeake said it would be pulling out three rigs this year, including two in the Haynesville shale and one in the Marcellus shale. Reuters cited Chesapeake CEO …
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Oil extended its longest run of losses this year ahead of the release of minutes from the Federal Reserve that may provide further clues on the path forward for monetary tightening in the US. West Texas Intermediate dipped near $76 a barrel after declining for a fifth session on Tuesday. The prospect of more aggressive …
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Federal Reserve policymaker Jim Bullard argued on Wednesday that the United States economy turned out to be stronger compared to what the Fed and markets previously thought. Speaking for CNBC, Bullard noted that the Fed will likely have to push rates past 5% in order to tame inflation. The rates should peak at 5.375%, he …
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Some Washington D.C. lawmakers want to limit Wall Street’s role in the housing market. In recent years, a small but mighty group of corporations bought hundreds of thousands of homes in sunbelt-region suburbs. These homes are traditionally a crucial investment for American families. But rising home prices are shutting would-be homebuyers out of the market. …
Moscow’s invasion of Ukraine highlighted the role of fertilizers — and who controls them — as a strategic lever of global influence “The role of fertilizer is as important as the role of seed in the country’s food security,” said Udai Shanker Awasthi, managing director and chief executive officer of the Indian Farmers Fertiliser Cooperative, …
Continue reading “Russia and China Have a Stranglehold on the World’s Food Security”