Could Oil Reserves $100 On its Prices? Grab This Chance Now!
Investors may be enthusiastic about energy and oil prices in 2023, but the current situation is less positive. Ukrainian unrest has lowered crude oil prices to $76 per barrel. Oil bulls can buy oil equities, oil-related ETFs like XLE, or the U.S. Oil Fund (USO), which holds oil price futures. USO call options are low-volatility…
Great Way To Safely Boost your money, Own S&P 500 Stock This Year
This year, five S&P 500 equities, including tech behemoth Nvidia, social network leader Meta Platforms, and EV leader Tesla, quadrupled investors’ capital. This is unlikely but plausible, given that only one S&P 500 stock gained 100% in the past year. Seasonality and advance extremes made many indices susceptible to changes in monetary and fundamental expectations,…
Housing costs are Calming down, but affordability will continue to be asked.
Inflation slowed in June, but housing costs remained elevated for many Americans. The Bureau of Labor Statistics’ Consumer Price Index (CPI) data revealed that shelter costs increased 0.4% in June, a decrease from 0.6% in May but a greater increase than the 0.2% increase in total consumer prices. Inflation rose by 3%, the lowest level…
Energy prices have fallen 16.7% annually, lowering inflation.
In June, energy prices increased 0.6%, but fuel oil and gasoline prices declined considerably year-over-year, thereby reducing inflation. 16.7% of the Consumer Price Index decline in June was attributable to energy. This resulted in a 3% decline in inflation, the lowest since March 2021. Despite stabilization in the price of oil, headline inflation remains modest.…
JPMorgan’s profits increase, demonstrating the bank’s Power.
Profits soared by 67% to $14.5 billion in the second quarter, showing the difference between the industry’s largest bank and its smaller competitors. Revenue surged 34% to $41 billion, while pre-market shares rose roughly 3%. JPMorgan CEO Jamie Dimon noted that the US economy is resilient, but consumers are spending prudently. Net interest revenue of…
Mortgage rates reach their peak in 2023. should we wait?
At 7%, mortgage rates attained their highest point of the year. However, experts predict that interest rates may decline in the future weeks as a result of fresh inflation data. According to Freddie Mac, the 30-year fixed mortgage rate increased to 6.96% from 6.82%. Inflation has declined to its lowest level since early 2021, according…
The dollar is falling, which might be a positive or negative indication for investors.
Strategists projected a dollar drop. On Thursday, June consumer price growth hit a 15-month low, the lowest since March 2021. US inflation is falling faster than in Europe and Asia, while other central banks are raising rates behind the Fed. Today’s Index is below 100, reversing previous year’s dollar surge. Dollar weakness raises asset prices,…
Asia’s stocks are headed for their best week of 2023, while the dollar falls on dovish Fed wagers.
Asian equities rose as US inflation eased, with the dollar sliding to its lowest level against major rivals in 15 months and US Treasury yields remaining near multi-week lows. Gold experienced its best week in three months, while crude oil reached its highest level in nearly three months. The stock market soared while the currency…