From the Wall Street Journal’s "Stock Futures Edge Up After Nearing Bear Market" posted early Monday:
U.S. stock futures inched up, putting the S&P 500 on track to edge away from bear-market territory after flirting with such levels in a volatile trading session Friday...
Stocks have slid in recent weeks as investors debated how aggressively the Federal Reserve will raise interest rates to tame elevated inflation. Price pressures have eroded some corporate earnings, but money managers also worry that tightening financial conditions too much risks weighing on economic growth.
Inflation concerns were exacerbated in recent months as China implemented lockdowns to contain the spread of Covid-19, adding strain to supply chains. Russia’s war against Ukraine has also caused European countries to shift away from Moscow’s oil and gas, adding to prices.
“This year, we’re dealing with several issues, which in and of themselves would ordinarily be the top story in any given year,” said Hugh Gimber, a global markets strategist at J.P. Morgan Asset Management. “Yet markets are having to deal with them all at the same time.” This has lent to heightened volatility, he said.
Charts: Yahoo!Finance sees a commodity-channel-index pattern. Max pain is at $145 with a call mountain at $165 and a put peak at $135.
The increase in energy leads to everything being more expensive to produce and ship. Its a base of the pyramid, yet gov’t just lets it happen.
Seems to me this is all an artificial shortage, I don’t see supply demand issues at gas stations, just obscenely higher prices. If we were in a supply crisis, wouldn’t we see lack of supply?
“Its a base of the pyramid.,,”
Yep
“…yet gov’t just lets it happen.”
Did you not notice? Government is almost completely dysfunctional, and has been for years now. And a lot of folks think that’s a good thing!
Sadly, this is not accidental. PBS just did a masterful series on how Big Energy got political to massive effect. Guess what? It still does! And sowing discord, confusion, and doubt are primary wespons.
Unfortunately, that doubt now extends deeply throughout all elements of US society, and is corrupting any semblance of common purpose.
There is only one solution, and that is for each of us to individually combat the lies and half-truths, whenever and wherever we can, And boy, is there a lot of it! One of the reasons I cherish Apple 3.0 is because we are reasonable people and hear one another out.
Also totally predictable. That some folks allowed themselves to be spooked out of AAPL doesn’t mean others weren’t drooling over the chance to salt some of that cheap AAPL away.