Weekend Stock Market Updates - 3|8|26
Welcome to my weekend updates Congratulations to Indian Cricket team for winning the T-20 World Cup consecutively!! Last week the US stock market was extremely volatile due to Iran war, weak jobs report and more importantly oil surged 35% for the week . This was the biggest gain in oil futures trading history dating back to 1983. The oil price currently traded at $91.27. It can be noted that oil price has surged almost 50% in last one month. This has panicked the Wall Street because higher the oil prices, higher would be the inflation because price of goods and commodities may go up due to higher transportation cost. Furthermore, FED can't cut interest rate on higher inflationary environment. The Gold and Silver prices surged too. The US, Israel and Iran war continues for 9th days and no sign of slowing down. The stock market goes one step forward and 2-3 steps backward. At this time of writing, the Oil futures are up another 20% to $110 a barrel, meaning up mo...