NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another …
Continue reading “Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end”
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell.The longtime market …
LONDON (Reuters) -Former Russian president Dmitry Medvedev said on Thursday that any weapons in Moscow’s arsenal, including strategic nuclear weapons, could be used to defend territories incorporated in Russia from Ukraine. Medvedev, deputy chairman of Russia’s Security Council, said that referendums being organised by Russian-installed and separatist authorities in large swathes of Russian-occupied Ukrainian territory …
Continue reading “Russia prepared to use strategic nuclear weapons – Medvedev”
https://youtu.be/e1lLZ2wGvHc Consumer confidence in the eurozone declined in September amid concerns about increased costs of living and slowdown of the economy, falling to its lowest level on record. The European Commission said Thursday that its measure of consumer confidence in the region fell to minus 28.8 from a revised reading of minus 25.0 in August. …
Worldwide, stocks have been weak.[i] In US dollars, global stocks are in a bear market—a typically long decline exceeding -20% from a high.[ii] Historical research shows bull markets are born on pessimism. Recent surveys suggest bearishness is at an extreme. Bank of America’s (BofA) global fund manager survey, showed broad bearishness in September.[iii] The latest …
Continue reading “Leading Indicates are the most Bearish EVER….”
Putin announces partial mobilisation Warns West over ‘nuclear blackmail’ Says Russia will use all means to defend itself This is not a bluff, says Putin Russia moves to annex swathes of Ukrainian territory LONDON, Sept 21 (Reuters) – President Vladimir Putin on Wednesday ordered Russia’s first mobilisation since World War Two and backed a plan …
Continue reading “Putin escalates Ukraine war, issues nuclear threat to West”
The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to cool inflation. “What the Fed was doing earlier this year was taking its foot off the gas pedal,” said Carl Riccadonna, chief U.S. economist at BNP …
The OPEC+ group continues to vastly underperform its collective oil production target, with the gap between the quota and actual output widening to a massive 3.58 million barrels per day (bpd) in August, according to delegates and OPEC data Argus has seen. The 10 OPEC members bound by the pact saw their collective crude oil …
Continue reading “OPEC+ Is Now 3.6 Million Bpd Below Its Oil Production Target”
President Joe Biden declared the end of the pandemic, after nearly three years since the CDC confirmed the first coronavirus case in the United States. “The pandemic is over,” Biden said in an interview with CBS News’ Scott Pelley that aired on 60 Minutes Sunday. “We still have a problem with COVID,” the president continued. …
Continue reading “Biden: The pandemic is over…. I am not so sure its time to take a victory lab”
The market is coming to terms that it’s not just that the U.S. Fed is going to be aggressive in September after the latest shocking U.S. inflation figure, still running at 40-year highs, but that the central bank will have to hike rates higher, and keep them high for longer, than many seem to have …
Continue reading “A further 27% drop in the S&P 500 could be coming”