Today, Russia announced its plans to cut its crude production by 5% in response to oil price caps and embargoes imposed by the West. Further constrained supply of energy, ergo higher price, threatens to throw a spanner in the works of Jerome Powell’s narrative of the beginning of the “disinflationary” process.
This announcement has also come at a time when the market is still not done pricing in the estimate-crushing employment data for January and its effect on Fed’s monetary stance and peak borrowing costs for interest-rate burdened businesses.
Amid softened demand, compressed margins, and wild market swings, it could be wise to invest in stocks of fundamentally sound and profitable businesses, Taiwan Semiconductor Manufacturing Company Limited (TSM), Walmart Inc. (WMT), and…
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