Winners and Losers of Rising Energy Prices
Bond traders are back to work on Tuesday after taking Monday off for Columbus Day. Bonds are trading higher this morning as yields are falling slightly. Lower yields could pull financial stocks lower on the day.
Goldman Sachs Downgrades U.S. Economic Growth
Rising oil prices (/CL) appear to be leading a rally in many commodities including RBOB Gasoline futures (/RB) and heating oil (/HO). The rallies add to a week where inflation may play a big part.
Monday’s Market Minute: Earnings Season Kicks Off Again
Let’s take a market minute to get ahead of this week.
With U.S. Credit Default No Longer a Likely Threat, Eyes Turn Back Toward the Fed
Photo by Joshua Woroniecki on Unsplash
After the Jobs Report, Investors are Looking at The Fed for Tapering Signals
Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.
Unexpected Help from Moscow Could Bring Relief to Energy Crises
Stocks look to push higher for the third day in a row as futures point to a higher open. Stocks built some positive momentum on Wednesday with news of a temporary debt ceiling resolution and easing in the global energy crunch. The developments appear to have assuaged investor fears and now investors may see the pullback as buying opportunity.
Airlines Downgraded by Goldman Sachs Despite Higher Bookings
Wall Street appears to be living up to its roller coaster reputation as stock futures point to a lower open after yesterday’s rally. Inflation continues to be a concern for investors. European markets were shaken by European natural gas prices which exploded 13% overnight.