Not so fast. SPR releases took the level to 35 year low. Europe is experiencing an energy crisis ahead of winter. GS Paul Sankey predicting oil rise well above $120 this winter.
Not so fast. SPR releases took the level to 35 year low. Europe is experiencing an energy crisis ahead of winter. GS Paul Sankey predicting oil rise well above $120 this winter.
Nah. Fast.
My bad, wasn’t Sankey, it was Jeff Currie, though Sankey has similar target over winter.
I agree with Mike Wilson that the larger risk is earnings. EPS has been better than expected but that is the inflation boost to EPS (charging more for products), but diesn’t figure in the lag of higher inputs, and falling demand.
On inflation, with housing demand contracting, rents will move higher with rising demand. OER is 30% of the CPI calculation.
Carmine- you have your health? that is all that matters. if your portfolio is up 10% or down 50% - that matters nothing. If your health is good - than you are very lucky.
Carmine- you have your health? that is all that matters. if your portfolio is up 10% or down 50% - that matters nothing. If your health is good - than you are very lucky.
Carmine- you have your health? that is all that matters. if your portfolio is up 10% or down 50% - that matters nothing. If your health is good - than you are very lucky.
Huh?
S+P 500 now down > 16% YTD
The current break makes the retest of June lows the most likely outcome. A successful break below the June level opens up the 3,000-3,200 target.
weird how supposedly inflationary news (today's strong jolts report) crunched the stock market but not the bond market. Bonds are flat today. Doesn't make sense...stocks are selling off on the fear of higher interest rates... but bond yields are not going up. It's like half a thought.
It's just one day I suppose. Probably all these billions coming out of stocks are going into bonds, holding yields down for a day but bond prices will fall/yields will rise tomorrow.
One of eight indexes on our world watch list posted gains through August 29, 2022. The top performer is London's FTSE 100 with a YTD gain of 0.58%. India's BSE SENSEX is in second with a loss of 0.48% and Tokyo's Nikkei 225 is in third with a loss of 3.17%. Coming in last is Germany's DAXK with a loss of 21.38% YTD.
That too. I suppose I could have included that, but I thought that would be piling on. You’ve been taking a beating here lately and I actually feel a little sorry for you. But I appreciate your honesty. There may be hope for you yet.
That too. I suppose I could have included that, but I thought that would be piling on. You’ve been taking a beating here lately and I actually feel a little sorry for you. But I appreciate your honesty. There may be hope for you yet.
That too. I suppose I could have included that, but I thought that would be piling on. You’ve been taking a beating here lately and I actually feel a little sorry for you. But I appreciate your honesty. There may be hope for you yet.