FOMC meeting note released today, investors and market reacted calmly today.
US stock market ended up high with a much smaller volume which means ‘need cautious approach’
Jul FOMC meeting will be held Jul 26~27.
Are they going to raise another 0.75% again? Let’s not conclude too early. It’s still 2 more weeks to go and there will be plenty of big surprises…
The crude oil market slid again, Brent oil futures downed another 2.3% today, ending at $99.80 per barrel.
That’s the lowest oil price in 12 weeks.
Any fundamentally bearish new inputs to the crude oil market?
No, not much…Norway workers stopped their strike on their oil fields. Venezuela’s people are trying to export more oils to the world. Biden is going to visit Saudi Arabia soon to talk about more oils for the market.
Well, that’s it.. Nothing new and nothing big.
Possibly, the Chinese are going to lock down their country once more for COVID which seems ridiculous but, looks like they will do it soon.
