Oil Prices Are Skyrocketing: What This Means For Your Stocks
In a Nutshell
Oil prices surged to $94, erasing $350B in market value, while investors await this week's CPI and PPI inflation data that will decide if the Fed hikes rates on September 16. Despite the flat session, high-momentum names like Bloom Energy (+S&P 500 inclusion) and Intel (+9% on a new target) keep pushing higher, while CoreWeave—losing $1.9B annually—offers a potential short with an 11:1 reward-to-risk ratio if it fails at resistance.
These notes were generated by AI and may contain inaccuracies.
Over $350 billion has been wiped from the US market today as oil reclaims three-month highs, breaking oil surges to $94, hitting the highest level in three months as Iran threatens economic warfare against the US. Although the day is slightly negative, the NASDAQ market is pretty much break even from its highs to its overall lows. It's a relatively flat day and markets are still trading nearly at all-time highs when zoomed out. The panic definitely has not sunk in just yet.
Oracle and Adobe report earnings this week on Thursday, 1 hour before markets open or during the pre-market session. These are the list of companies that are publicly reporting earnings this week. This week's focus is inflation, inflation, inflation. The channel will be live streaming these major inflation reports.
This week includes tomorrow's ADP employment change, the 10-year bond auction on Thursday, PPI data report, unemployment claims, and Friday is the big day with the CPI data report, consumer price inflation report. Consumer price index inflation report.
The Federal Reserve next week on September 16th is supposed to decide if they're going to be raising or pausing on their rate decision. This week's inflation report will pretty much determine, put the nail in the coffin, if they're going to be raising or pausing in the next rate decision. If inflation comes in higher than what is expected, the probability for a rate hike is higher. If inflation comes in lower than what was expected, then the probability for a rate pause is higher.
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