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S&P 500
5,918.25
(
0.00%
)
US TECH 100
20,610.80
(
0.00%
)
Dow Jones
42,635.20
(
0.00%
)
Brent Oil
77.10
(
0.22%
)
Bitcoin
93,999.80
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0.00%
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Bobwins

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Bobwins

Re: None

Friday, 11/04/2022 6:03:40 PM

Friday, November 04, 2022 6:03:40 PM

Post# of 120421
Very unusual day. I can't remember a day when so many different commodities were green. US dollar was down almost 2% so maybe that was the reason.

https://finviz.com/futures.ashx

Oil was up 5%, ngas +8%, gold 3%, silver 7.6%, copper 8%.

Stock positive but not as much. DJIA +1.12%, S&P 500 +1.21%

Is this a case of less bad news? Could we be close to a bottom?

I still think FED has to raise rates a LOT more to affect inflation. Generally agreed that you have to increase interest rates to AT LEAST the level of inflation to generate a response. That's 8% so we're halfway there. To get to 8%, we would definitely be in for a recession and so it's unlikely everything is going to be green for long.

I am overweight energy so today was a good day but not feeling that sure about the future.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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