Recent inflation data is fueling recession chatter on Wall Street ahead of the upcoming July 26-27 Fed policy meeting. Last week, the Consumer Price Index reading for June came in hotter than expected at 9.1%, surpassing May’s 8.6% increase and Wall Street’s expectation of an 8.8%...
Equities finished last week on a positive note, and Treasury yield rates rose after the release of the Labor Department’s employment report for June revealed unexpected strength in the labor market. Nonfarm payrolls increased 372,000 last month, surpassing expectations of 250,000 additional jobs. Recession concerns...
Investing in precious metals often seems to be reduced to two options. You can either buy physical gold/silver - the more straightforward, less risky option but often with the lowest returns, or invest in specific mining companies - which requires significant research and generally carries more risk.
Despite Friday’s rally, stocks declined this week after closing the worst first half in decades amid surging inflation and mounting recession fears. For the week, the Dow fell 1.3%, the S&P 500 lost 2.2%, and the Nasdaq shed 4.3%.
During the first half...
June has been a rough month for energy stocks. Earlier this week, the group officially dropped into bear market territory, closing Friday 21.3% below its June 8th high. Still, energy is the only sector in the green year to date. So far this year, the energy sector...