Why traders started unloading crude

Why traders started unloading crude

US West Texas Intermediate crude oil futures are trading lower on Friday shortly after the release of a US Nonfarm Payrolls report suggesting the US is not in a recession and the Fed is likely to continue on its aggressive path of rate hike. Prices came under pressure this week as traders were worried about … Read more

The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

Fed officials beat the inflation drum; “Reasonable” 50 basis point rate hike next month

Fed officials beat the inflation drum;  “Reasonable” 50 basis point rate hike next month

Aug 3 (Reuters) – Federal Reserve officials have again expressed their determination to curb high inflation, though it was noted that a half-percentage point hike in the US central bank’s key interest rate next month could be enough to march towards that goal. “I am assuming that 50 (basis points) would be a reasonable thing … Read more

The correction in the housing market takes an unexpected turn

The correction in the housing market takes an unexpected turn

The Federal Reserve has a simple fight against inflation playbook. It works like this: Continue to apply upward pressure on interest rates until business and consumer spending across the economy weakens and inflation falls. Historically speaking, the Fed’s fight against inflation playbook has always hit the US housing market particularly hard. When it comes to … Read more

stock market analysis: too early to say that the market has climbed the wall of worries; use the profit booking rally: Manishi Raychaudhuri

stock market analysis: too early to say that the market has climbed the wall of worries;  use the profit booking rally: Manishi Raychaudhuri

“In private sector banks, the concern for NPLs is largely behind us, asset quality is improving and overall loan growth is also between about 13% and 14%. This is a universe on which we are clearly focusing. But we are much more selective in IT. We also like some of the consumer discretionary companies, especially … Read more

Cryptocurrency Failure Procedures to Slow Massive Sales That Triggered the Bear Market – Kaiko

Cryptocurrency Failure Procedures to Slow Massive Sales That Triggered the Bear Market – Kaiko

(Kitco News) There may be a lull in the massive liquidations that triggered this winter of cryptocurrencies, as many prominent players are not allowed to touch assets until bankruptcy proceedings are resolved, according to the market data provider. Kaiko cryptocurrencies. The crypto space was in the midst of a strong relief rally last week, with … Read more