RE:RE:Not so an exciting market at the moment but...bossu wrote: Still not very exciting today.
-What willl decide OPEP today.---500 000 barels/day increase or stand still
-What will Powell will say
Powell likely to push back on bond-market doubts over Fed policy
.
-Tomorrow something else: ''Jobs number in the US
-Would not take many ''clouds.'' to make the market to drift lower...
It's all short term noise. The 10 year bond rate is still on the lower end at 1.5%. In the latest bull markets, the rate has been between 2% and 2.5%, to reflect a normal 1.5% to 2% inflation rate. The 10 year bond rate had never been in history below 1.5% before last year.
As to OPEP, an increase would lower oil prices, which in general is good for the economy (I know it's bad for the oil sector).
You should only look at the short term if you're into day trading. Short term, markets are always unpredictable. One moment, you think everything's good, then there's a 10% correction. Another, it's all doom and gloom, yet the market rallies and all the stocks are up 10%. It's just the way it is.