My Investing Muse

Preview of the week starting 16May2022 Holidays None for the US, China and Hong Kong.   Singapore is closed for the Vesak Day holiday on 16 May 2022. News Summary (from last week) $200B crypto wiped out in 24 hours The Fed needs to prioritize timely and adequate measures to navigate away from inflation and recession . Without this, this could pave the way for China to replace the USA as the leading economy. Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion worth of digital money since November. $200 billion was wiped off from Crypto Market in 24 hours... Cryptic. The US crossed the "unwanted" milestone of over 1 million Covid related deaths as cases rise in different states. Gas prices in USA - Statista The price of fuel in the U.S. is climbing as markets remain in turmoil following Russia’s military operation in Ukraine. Additionally, the Biden administration’s embargo on Russian oil may be an...

Finally, the market responds rationally to the 50 basis points increase in the interest rate after the rally post Powell's assurance of rate hikes.   U.S. stock futures opened little changed Thursday evening after a sharp sell-off on Wall Street, as concerns over the Federal Reserve's ability to bring down inflation while maintaining solid economic activity resurged. Extract from Zach Stein: "Thursday's stock selloff suggests that Wednesday's post-FOMC market action was a relief rally. We are still not out of the woods yet, as there is still too much uncertainty over how the Federal Reserve's actions will tame inflation without causing a recession," Zach Stein, CIO of Carbon Collective, wrote in an email Thursday. "The concerns that triggered the stock market correction over the past few months, such as inflation, Russia and Ukraine war and surging oil prices, are still with us and haven't been resolved yet."   From Economic Calend...