![](https://i.imgur.com/CLvY2jA.png")
Dow drops nearly 700 points
06-07-2022, 11:53 AM
Currency market seems to suggest risk on for tonight.. so rebound to continue.. will update again later this evening.
06-07-2022, 01:58 PM
Price of WTI crude oil slipped $9.01 per barrel by 12:37 pm ET below $100 per barrel to $99.42 (-8.31%), while Brent crude sank $10.41 per barrel to $103.10 (-9.17%).
Also Tuesday, a Citi report suggested that oil prices could fall to as low as $65 per barrel by the end of this year and as low as $45 by the end of next year if the world enters a recession and demand tanks.
According to Citi, oil demand goes negative “only in the worst global recessions, but oil prices fall in all recessions to roughly the marginal cost.”
In the same report, however, Citi said that it expect the U.S. economy to fall into a recession.😝
Also Tuesday, a Citi report suggested that oil prices could fall to as low as $65 per barrel by the end of this year and as low as $45 by the end of next year if the world enters a recession and demand tanks.
According to Citi, oil demand goes negative “only in the worst global recessions, but oil prices fall in all recessions to roughly the marginal cost.”
In the same report, however, Citi said that it expect the U.S. economy to fall into a recession.😝
06-07-2022, 06:37 PM
Still no sight of any bottom yet. FOMC not due until the end of the month. Any rally will look like a bull trap if there is no change in the economic fundamentals. The drop in commodity prices is more preparing for the recession expected to come soon.
"the devil is attacking you and not your argument because he is weak”
06-07-2022, 06:40 PM
Lol if not going up not going down not going sideways what else Market do?
I am just a tiny plankton in the ocean.
06-07-2022, 07:16 PM
07-07-2022, 07:05 PM
Currency market suggest rebound tonight...
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
08-07-2022, 06:14 PM
Currency market suggest tonight red and it's Friday...
08-07-2022, 07:07 PM
US stock is surprisingly not as weak to go lower. Because FOMC is end of the month, it might have decided to go and cover the gaps before going down, depending on the strength of the economic news like the job report tonight.
![[Image: AVvXsEjDbvyiE0tl41R-8hCPtLXKykrnWs93S977...=w512-h640]](https://blogger.googleusercontent.com/img/a/AVvXsEjDbvyiE0tl41R-8hCPtLXKykrnWs93S977akNvakCCyAbohoarvLyiyLpaNj-GINfmiyfYfrJrI4MOlAsNA4WiXqX_K3_nERryyK3r_hweYca2_zL1M6dtHwdDNwC3xQbn6pLL6QNY5A8ksVMseOkb4Cj____4TosBK9Wot-B2gIfrEOjEcvcvvN3aCw=w512-h640)
https://skyjuiceiswater.blogspot.com/202...jumpspot18
https://skyjuiceiswater.blogspot.com/202...jumpspot18
"the devil is attacking you and not your argument because he is weak”
08-07-2022, 07:15 PM
Do you realise that the current meltdown is not as bad as during the covid period? Chances are people don't expect the QT to continue too long and they know Fed will reverse gear and come to the rescue as they have done so previously.. need black swan event to really tank the US market lah...
08-07-2022, 07:40 PM
(08-07-2022, 07:15 PM)KSticw Wrote: Do you realise that the current meltdown is not as bad as during the covid period? Chances are people don't expect the QT to continue too long and they know Fed will reverse gear and come to the rescue as they have done so previously.. need black swan event to really tank the US market lah...
Covid fall was sharpe and less painful. US strengthen opium dose to match Russia, China. Now situation is much different. Not sure if they would do same as the Whole world slump together.
Omi.. Thank you for bumping up the message.
« Next Oldest | Next Newest »
Users browsing this thread:
