Investors jolted as U.S. retailers show inflation hitting consumers
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- Wall Street dips as spiking crude prices revive fears of inflation, rate hike
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
- Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher
- BofA turns S&P 500 signals from red to yellow: What to buy now
Berenberg Economists See 40% Probability of Recession in US and UK, Sees 20% Probability of EU Recession
May 20, 2022 9:51 AM EDTAnalyst Jonathan Stubbs comments "In January, we highlighted the heightened risk environment, with a long list of risks falling into four broad "buckets": 1) markets - high valuations and high margins; 2) macro - inflation, supply disruption and policy error; 3) political - elections, COVID-19 and social unrest; and 4) geopolitical. Many risks... More
