Indian Minister of Petroleum departs for Qatar to seek swift access to liquefied natural gas supplies
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Investor Michael Burry, known for accurately identifying major flaws in the U.S. subprime mortgage market and predicting the 2008 financial crisis, has concentrated most of his bearish bets on put options for the Nasdaq 100 Index (NDX) and the VanEck Semiconductor ETF (SMH).
Morgan Stanley's Wilson: The bond market is already “raising rates” for the Fed, two major signals needed for a US stock rebound
Morgan Stanley believes that since February, U.S. Treasury yields have risen by 120 basis points in total, with a stronger dollar and high oil prices further tightening financial conditions. The bond market is currently replacing the Federal Reserve in exerting tightening pressure. Whether U.S. stocks can rebound depends on two key signals: whether the MOVE index falls back and whether JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo can deliver positive earnings reports. Wilson believes that market concerns over recession risks may be excessive and that there is still room for improvement in U.S. equities.
