SINGAPORE, June 29 (Reuters) – Uncertainty in global oil and gas markets could stay for some time to come as spare capacity is very low while demand is still recovering, Shell (SHEL.L) Chief Executive Officer Ben van Beurden said on Wednesday. “I do believe that we’re going to be facing quite a bit of uncertainty …
Continue reading “Shell CEO says spare capacity is running ‘very low’”
On April 22 this BITCH with her fellow Fed Reserve ASSHOLES where blowing blue sky up our asses. As you can see at that time she said a 75 bases point increase in Fed Funds were not necessary…. AND at the last FED meting she voted for a FED FUNDS increase of 75 bases points. …
Continue reading “Fed’s Mester favors 75 bp hike under current conditions”
U.S. stocks haven’t yet seen the extreme investor capitulation that’s typical of market bottoms. The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: the U.S. stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of …
Continue reading “We need to see capitulation and panic before the bear market is over”
https://youtu.be/RpyG4XE_zj4 KIGALI (Reuters) – British Prime Minister Boris Johnson said on Saturday that he feared Ukraine could face pressure to agree a peace deal with Russia that was not in its interests, due to the economic consequences of the war in Europe. “Too many countries are saying this is a European war that is unnecessary …
Continue reading “Johnson fears Ukraine will have to take ‘bad’ peace deal”
Exactly at the NY open Friday the stock market bases the NASDAQ 100 soared from 11,700 to 12,000 by 10:00 am. To a lot of traders this was a surprise since fund rebalancing usually occurs on the close. In the overnights we got a sniff of movement and spread our positions. When the zoom zoom …
Experts of the International Monetary Fund (IMF) think that there are significant downside risks for the US economy this year and especially next year, IMF Managing Director Kristalina Georgieva said presenting the annual report on the state of the American economy in Washington. “We see very significant downside risks [in the US economy] this year …
Continue reading “Significant downside risks to US economic outlook – IMF’s Georgieva”
All three major U.S. stock benchmarks closed sharply higher Friday, with the technology-heavy Nasdaq Composite surging more than 3%, as investors reassessed the expected path of Federal Reserve interest-rate hikes. The Dow Jones Industrial Average, S&P 500 and Nasdaq each scored weekly gains, snapping three straight weeks of losses. The Dow Jones Industrial Average DJIA, …
Continue reading “Dow jumps more than 800 points as U.S. stocks snap three weeks of losses”
Fed Governor Michelle Bowman indicated that she believes an additional 75 basis point rate hike at the next meeting is “appropriate,” according to prepared remarks to be delivered at the Massachusetts Bankers Association conference that were revealed Thursday. According to the notes, she also calls for hikes of at least 50 basis points at the …
United States Federal Reserve Chair Jerome Powell revealed on Thursday that the central bank’s balance sheet should be “roughly” $2.5 trillion to $3 trillion lower compared to the current situation and down to a size where the Fed could conduct monetary policy. He also predicted the Fed’s asset portfolio will be reduced by up to …
United States Federal Reserve Chair Jerome Powell predicted on Thursday that the central bank balance sheet will be reduced by up to $95 billion by September. The Fed’s asset portfolio is currently being scaled down by half of that number. There is no clear connection between a concentrated economy and inflation, he told the US …
Continue reading “Fed to cut balance sheet by $95B per month by Sept. – Powell”