Stocks suffered their worst first half of the year since 1970. What's next?

The soaring prices at the pump are the result of a classic squeeze.

Meanwhile, refineries have less ability to turn oil into gasoline in the U.S. after several shut down during the pandemic. U.S. refining capacity has dropped for two straight years, according to the U.S. Energy Information Administration.this year, with the national average for a gallon of regular topping $5 per gallon earlier this month, according to AAA.For such strength to continue, though, worries about a recession would have to abate.

Treasurys did even worse, with Deutsche Bank's 10-year Treasury index having the worst six months on record, going back to 1788. The yield on the 10-year Treasury has already more than doubled this year. It stood at 2.98% Thursday afternoon. More pressure may be on the way as the Fed keeps raising rates, though some analysts say the worst of the damage may have passed.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks slide, with Wall Street closing out worst first half since 1970On the last day of June, the S&P 500 index is on track for its worst first half of the year since 1970. Opportunity 🙌 The stock market is just a chart of wealthy people's feelings.
La source: washingtonpost - 🏆 95. / 72 Lire la suite »

The stock market had its worst first half since 1970Congratulations, you just lived through the stock market's worst first half since the Nixon administration. I’ve never seen this amount of people at the food bank.. up 1300 families compared to last year this month. BidenDestroysAmerica Buy low. Sell high. This is how an initially mismanaged pandemic, war in Europe, and broken global supply chain batter stocks. Yet misplaced blame will land on President Biden, of course.
La source: axios - 🏆 302. / 63 Lire la suite »

US stocks see worst first half drop in more than 50 yearsThe S&P 500 index dropped by more than 20%, while major indexes around the world also fell sharply.
La source: bbchealth - 🏆 143. / 63 Lire la suite »