Inflation

[divs4ever]

Recession inevitable.

RUBBISH !!

they will just change the definition again , tweak the way CPI and GDP are calculated ( AGAIN ) etc etc

at least China is crystal clear they TELL the nation what it is going to be and eliminate enough people ( and public servants ) until the prediction is correct

truth be told we have been in a recession for months maybe even years

even the oil price is now an unreliable guide as up to a third of global oil is trading outside the US Dollar ( so difficult to track )

 

[Smurf1976]

JPowell commits to continuous hikes, possibly into 2023.

NASDAQ down a huge 4%..... So much for markets knowing all....

My opinion is this is the closest we’ll ever see to the Fed announcing that they’re going to blow up the stock market and real economy.

It’s as blunt as they’re ever likely to be and just before a period that’s often weak seasonally.

 

[over9k]

Biggest curveball still remains the U.S president curtailing some or all of yank oil exports.

Uh-oh.

 

[over9k]

All futures currently in the green.

 

[waterbottle]

View attachment 146124

All futures currently in the green.

Makes perfect sense. Crypto currently retracing fast, seems to be heading back to last week's prices.

 

[frugal.rock]

All futures currently in the green.

Makes perfect sense.

Yes, indeed.
Business as usual.

 

[waterbottle]

France accuses Russia over gas supply as Nord Stream shutdown looms

France accused Moscow on Tuesday of using energy supplies as "a weapon of war" after Russia's Gazprom cut deliveries to a major French customer and said it would shut its main gas pipeline to Germany for three days this week.

www.reuters.com

 

[frugal.rock]

"BofA’s data shows clients were selling stocks across 7 out of 11 sectors, with the biggest outflows recorded in Industrials and Energy. For the former, this was the biggest weekly outflow since November 2020.

On the other hand, the tech sector saw big inflows last week (the third largest since 2008), while clients were also buying Health Care, Utilities, and Materials stocks."

Flows are Shifting More Defensive After Jackson Hole, BofA Warns By Investing.com

Flows are Shifting More Defensive After Jackson Hole, BofA Warns

au.investing.com

Note SOXL pre market.

 

[over9k]

Yeah I sold a little bit of NRGU at 551 yesterday as despite my previous joke post I am actually buying another car:




But I'm still holding ~90% of my original position.

 

[qldfrog]

"BofA’s data shows clients were selling stocks across 7 out of 11 sectors, with the biggest outflows recorded in Industrials and Energy. For the former, this was the biggest weekly outflow since November 2020.

On the other hand, the tech sector saw big inflows last week (the third largest since 2008), while clients were also buying Health Care, Utilities, and Materials stocks."

Flows are Shifting More Defensive After Jackson Hole, BofA Warns By Investing.com

Flows are Shifting More Defensive After Jackson Hole, BofA Warns

au.investing.com

Note SOXL pre market.

View attachment 146136

But the chart still not inspiring confidence, don't you think?

 

[over9k]

Oooooh yeah, deploying that cash boys

 

[waterbottle]

Oooooh yeah, deploying that cash boys

On what BBBY?

 

[divs4ever]

France accuses Russia over gas supply as Nord Stream shutdown looms

France accused Moscow on Tuesday of using energy supplies as "a weapon of war" after Russia's Gazprom cut deliveries to a major French customer and said it would shut its main gas pipeline to Germany for three days this week.

www.reuters.com

and Russia would point out France ( and the EU ) use both sanctions and currency exchanges as weapons

wait and see if Russia starts limiting uranium exports ( to ' unfriendly nations ' )

 

[divs4ever]

Gazprom says it will halt gas supplies to France's Engie, cites lack of payment

Gazprom says it will halt gas supplies to France's Engie, cites lack of payment By Reuters

Gazprom says it will halt gas supplies to France's Engie, cites lack of payment

www.investing.com

no freebies to hostile nations ... who would have thought

 

[waterbottle]

Euro inflation now at 9.1%. Above expectations.
Gas up 10% courtesy of the shut off.
POO dropping below $90/bl.

 

[over9k]

They're beginning to understand...

Also, policy intervention = get it from the americans.

Oh, and the stores aren't even close to what they need, just in case that wasn't obvious.

 

[Smurf1976]

Oh, and the stores aren't even close to what they need, just in case that wasn't obvious.

Anyone looking only at the volume in storage and comparing that to previous years will be missing the point that required withdrawal from storage this winter will be far greater due to the lack of incoming gas.

So even if storage were exactly the same as last year, there'd still be a problem due to that lack of incoming gas.

 

[over9k]

Anyone looking only at the volume in storage and comparing that to previous years will be missing the point that required withdrawal from storage this winter will be far greater due to the lack of incoming gas.

So even if storage were exactly the same as last year, there'd still be a problem due to that lack of incoming gas.

Still holding BOIL

 

[over9k]

On what BBBY?

Panic selling:

 

[over9k]

Looking like another cash deployment tonight lads