FAST FIVE: Inflation 'Off', Recession 'On': Stocks Purged As Bonds & The Dollar Surged

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Source: Bloomberg Source: Bloomberg The market is now pricing in a policy error and fast reversal by The Fed.

Stocks have yet to price in the Fed's response – zerohedge (@zerohedge) July 1, 2022 Utilities were the week's best performer as Consumer Discretionary stocks and Tech were slammed.

Source: Bloomberg Oil prices bounced today after OPEC+ reported that they missed their production goals (again) by an ever growing amount and ended the week very marginally higher.

European NatGas continues to soar higher amid Russia restrictions and the absence of US exports due to Freeport LNG's closure.

Source: Bloomberg Finally, we note that President Biden's disapproval rating has hit a record high.

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