the market was happy because the fed said this is a once off (or two)
but looking at the futures market, those gains will be gone by tomorrow
my best case scenario will be a flat market for the rest of the year
or a slow grind down,
unless inflation (and oil) fall dramatically, there is no letting up on rate increases in the foreseeable future
if you are a contrarian, then I will be thinking what business out there will benefit from a lukewarm economy.
right now cost pressure is yet to be reflected in profits
Woodside is fine, their profits will easily cover cost increase
but my thesis being neutral is for the market to go up, something got to give and oil is one of them
maybe the catalyst is the war in Russia being over. Doesn’t change supply and demand much, but it’s psychological
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4 | 6019 | 26.600 |
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1 | 75 | 26.510 |
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26.700 | 500 | 1 |
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