Winning Stock Plays

The Fed will ramp-up the wind-down of its balance sheet starting in September by $95 billion a month.  Investors should consider reducing risk as the wind-down accelerates while interest rates climb, says investment firm Glenmede.  The further balance-sheet reduction adds a ‘hard-to-measure’ impact to the stock market.  Loading Something is loading. Investors have been focusing… Continue reading Investors should slash exposure to stocks as the Fed’s balance sheet wind down is about to ramp up alongside further interest rate hikes

Digital World Acquisition Corp. extended its four-day decline to nearly 20% as a vote looms to delay its IPO.The SPAC has agreed to merge with former President Donald Trump’s social media company.Trump defended the recent business performance of Truth Social, saying its business boomed after his Mar-A-Lago home was raided by the FBI. Loading Something… Continue reading Digital World Acquisition Corp. extends 4-day decline to 18% as Trump defends Truth Social’s performance and vote looms to delay IPO

Europe’s energy crisis is worsening and Bank of America analysts say they see “no end in sight.” Supply constraints, weather, uncertainty from Russia, and Europe’s own policies have made a perfect storm.  “This will be a multi-year challenge,” a portfolio manager told Insider.   Loading Something is loading. It’s not just Russia’s weaponization of energy that’s… Continue reading Record prices, dwindling supplies, drought, and policy have sparked a perfect storm for European energy markets with ‘no end in sight’

Russia’s central bank said that new oil price and production goals proposed by the nation’s finance ministry are too optimistic. In a new budget, the ministry sets the price of Russia’s Urals crude at $60 a barrel and an output of 9.5 million barrels per day.  “The base price of oil and oil production seem… Continue reading Russia’s central bank says oil production goals proposed by the nation’s finance ministry are too optimistic

The Fed is right to move quickly in raising rates but should pause after this year, BlackRock said Friday.  The Fed risks overdoing its tightening and unraveling economic progress since the pandemic. The Fed is expected to raise rates in September by at least 0.5% and as much as 0.75%.   Loading Something is loading. BlackRock,… Continue reading The Fed should go on vacation after this year’s rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says

Saudi Arabia’s recent warning that OPEC+ could cut production sparked a rally in oil prices. Analysts say Saudi Arabia’s game is simple: keep oil prices high so the kingdom can capture as much revenue as it can.  “More market uncertainty has boosted prices, which is exactly what Saudi Arabia is looking to do,” said Morningstar’s… Continue reading Saudi Arabia’s game is simple: keep oil prices high as threats to its revenue loom, analysts say