Volatility Prevails as Markets Gauge Critical Indicators
Dalal Street Investment Journal|July 17, 2023
Oil prices oscillated due to the looming supply concerns and fears of interest rate hikes. However, despite this volatility, the prices managed to register both, weekly and monthly gains, supported by a significant drawdown in US inventories and an unexpectedly positive US GDP report.
Volatility Prevails as Markets Gauge Critical Indicators

Rising bets of additional rate hikes by the Federal Reserve along with hawkish remarks by major central bankers kept investors prudent in the past fortnight, which also marks the conclusion of the second quarter and the first half of 2023.

The markets breathed a collective sigh of relief as US bank stocks traded higher following the successful completion of the Federal Reserve's Stress Test. All 23 US banks that underwent the annual stress test were able to uphold the required minimum capital levels, even in the face of projected losses totalling USD 541 billion for the group. Moreover, these banks demonstrated their ability to continue offering credit to the economy in a hypothetical recession, as confirmed by the Federal Reserve Board.

Denne historien er fra July 17, 2023-utgaven av Dalal Street Investment Journal.

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Denne historien er fra July 17, 2023-utgaven av Dalal Street Investment Journal.

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