Are markets running scared?
Financial markets are concerned that the Fed might push rates higher than anticipated, says NAB’s Tapas Strickland, along with the fear that they will knowingly drive the US (and others) into recession in the process.
Day: 8 May 2022
THE TWITTERATI
The Times says the government is struggling with what to do with a windfall tax if they had one. One option they reckon is to reduce the cost of energy. Which of course helps everyone, but richer higher energy users would be the biggest beneficiary ...
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv