On the SPOT blog (10/05/2022) [M..]
Interesting market behavior today as all three major US indices closed in a mild red even as there was news about OPEC+ cutting oil production. That is not good news for taming inflation and perhaps was the reason why markets were in deep red earlier in the day but somehow managed to stage a comeback. Charts are showing that at a point it had crossed over into the green. Tomorrow should also be interesting before the jobs report comes out on Friday.
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