Tag

Sentiment Shift

All articles tagged with #sentiment shift

energy2 years ago•2 min saved

Oil Prices Plummet as Bullish Bubble Bursts

Oil prices experienced a significant drop of $5 following the release of the EIA's inventory report, which showed a substantial increase in gasoline inventories and a dramatic decline in demand. This crash came shortly after OPEC+ agreed to maintain production cuts, which should have supported higher oil prices. The decline in prices suggests a larger shift in sentiment rather than a direct reaction to gasoline demand alone. While a recovery is possible, concerns about a potential recession in 2024 may cap future gains. At the time of writing, WTI was trading at $84.31 and Brent at $85.89.

via OilPrice.com|

#eia-inventory-report #energy #gasoline-demand

finance2 years ago•4 min saved

Goldman Sachs Veteran Expresses Concerns Over Stock Market as BAE Systems Seals $5.6bn Aerospace Deal amidst Federal Reserve Warning

Goldman Sachs' managing director Scott Rubner warns that there has been a clear shift in sentiment in the stock market, stating that "this is no longer a buy-the-dip market." Rubner highlights several market indicators that have him worried, including the S&P 500 closing below the bank's short-term commodity trading advisor threshold and a surge in options with extremely short lifespans. He also notes a significant drop in top book liquidity for S&P 500 e-mini futures. Rubner believes that investors have shifted from buying the dip to selling the rally, and he anticipates a gloomy September due to seasonality and low risk tolerance.

via MarketWatch|

#finance #goldman-sachs #market-volatility

finance2 years ago•4 min saved

Investors Shift Focus from Bonds to Stocks in Biggest Sentiment Shift Since 1999

The "year of the bond" prediction for 2023 has been overshadowed by a surge in demand for equities, leading to a significant shift in investor sentiment. Investors are now more optimistic about stocks relative to bonds than at any point in the past 24 years. The unexpected rally in stocks has caught many off guard, with sell-side strategists revising their targets and downgrading recession forecasts. The market's favorite scenario is now a soft landing, but uncertainties remain, including the lagged effect of previous rate hikes and the possibility of a tech stock selloff. However, the shift in sentiment may endure, as corporate insiders are buying and technical indicators suggest elevated equity sentiment.

via Yahoo Finance|

#bonds #economic-outlook #equities