About: josephine
Recent Posts by josephine
CFTC data shows oil speculators cut net longs to 99.2K, signalling waning bullish bets
CFTC data shows oil speculators cut net longs to 99.2K, signaling hesitation, volatility risk, and rebound potential.
Markets Cautious with more Fed officials supporting rate hikes ahead of Jackson Hole Symposium
US stocks declined on Friday and snapped the longest weekly rally since November. Investors turned cautious and short-sellers resurfaced after Federal Reserve officials beat the drum on hiking rates. The pullback in equities this week follows a rally that has propelled the S&P500 from its mid-June nadir amid speculation that the Fed may scale back Continue Reading
US Stocks Rallied for the Second Day
The US stocks rallied for the second day in a row, as investors digested weak data on New York manufacturing and the Chinese economy. The market is coming off a fourth straight weekly gain, the longest run this year, with sentiment buoyed by signs of slowing inflation pressures that stirred hopes of a shift by Continue Reading
The Fight Against Inflation is Far from Over, Fed Officials say
US stocks plunged on Monday, as the earnings season wrapped up and the threat of an economic recession still looming large amid warnings from Fed officials that the fight against inflation is far from over. That stance will likely be reinforced by Jerome Powell Friday at the prestigious event in Wyoming’s Grand Teton mountains, which Continue Reading
Sudden Pullback in Tech Shares, US Stocks Move Higher
US stocks advanced on Tuesday, and closed higher following a sudden pullback in tech shares, as investors assessed the latest round of upbeat earnings against a backdrop of growing concerns over slowing growth and rising borrowing costs. Moreover, reports Monday indicating a sharp drop in New York state manufacturing along with the longest streak of Continue Reading
