Monday, May 16, 2022
HomeInvestingBlue Monday Or Stagflation? Commodities Sign Stagflation (WTI Crude DOWN 2.72%, Iron...

Blue Monday Or Stagflation? Commodities Sign Stagflation (WTI Crude DOWN 2.72%, Iron Ore DOWN 5%, S&P 500 Futures DOWN 1.7%, 10Y Treasury Yields Upward push To a few.20% Then Sinks)


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As the USA is engulfed in inflation whilst The Federal Reserve is engaged in seeking to struggle inflation (neatly, form of), we’re seeing markets taking a shellacking, specifically commodities.

One indicator of a slowdown is declining commodity costs. Crude oil futures are down round -2.5%. Iron Ore is down -5% and metal rebar is down -3.21%.

Inflation numbers are due out Wednesday and are forecast to be 8.1% YoY (in response to headline CPI). However blended with a slowing international financial system, we get the feared “STAGFLATION.”

In the meantime, the S&P 500 index futures are down round 1.726% for Monday open. Asian markets already were given clobbered with the Grasp Seng down nearly -4%.

At the bond facet, the 10Y Treasury Word yield rose to a few.20% early within the morning, however has retreated to a few.1447% as of 8:40am EST.

Each inventory and bond marketplace volatility measures are expanding.

So, is it a Blue Monday impact? Or international stagflation?

Time for supplemental source of revenue underneath the Biden Management.

 



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