It’s been only a week since the stock market rallied and commodity prices adjusted a bit with the fear of recessions.
Now, people are talking about the possible softening of inflations…
Please… It’s too early to talk about that.
Which one is more fearful? Recessions or Inflation
US stocks retreated today with some selling pressures from the short-term profit takes but not too much.
DJ fell 0.2%, S&P was downed by 0.3% and NASDAQ fell 0.7%.
But Pan European STOXX 600 was up 0.5% and MSCI’s index was up 0.3%.
Apple was up 0.2% but MS was downed by 1.1&, Amazon was downed by 2.8%, and Tesla was downed by 0.3%.
The first half of the year 2022 is in the last week and then we’ll face the earning report season for the main stocks around the world. Guess, what’s going to happen to those numbers…
The worst nightmare is coming soon.
The crude oil rallied 1.7% today with more sanctions on Russian oil. Brent oil ended up at $115. 09 per barrel.
