Russia’s ruble is at its strongest in 7 years despite massive sanctions. Here’s why

A Russian one ruble coin and a Russian flag are seen on a screen in this multiple exposure illustrative photo taken on March 8, 2022 in Kraków, Poland. Jakub Porzycki | Nurphoto | Getty Images The Russian ruble hit 52.3 against the dollar on Wednesday, up around 1.3% from the previous day and the strongest … Read more

Russia’s ruble is at its strongest in 7 years despite massive sanctions. Here’s why

A Russian one ruble coin and a Russian flag are seen on a screen in this multiple exposure illustrative photo taken on March 8, 2022 in Kraków, Poland. Jakub Porzycki | Nurphoto | Getty Images The Russian ruble hit 52.3 against the dollar on Wednesday, up around 1.3% from the previous day and the strongest … Read more

Fears of inflation and recession are putting some sectors under more pressure than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland May 16, 2022 as Americans brace for summer sticker shock as inflation continues to mount. Jim Watson | AFP | Getty Images People still seem willing to travel, go to the movies and have a drink or two, even as … Read more

Fears of inflation and recession are putting some sectors under more pressure than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland May 16, 2022 as Americans brace for summer sticker shock as inflation continues to rise. Jim Watson | AFP | Getty Images People still seem willing to travel, go to the movies and have a drink or two, even as … Read more

After another big weekly loss, an assessment needs to be made as to whether the stocks are cheap and a buying opportunity is near

Stocks Are Strongly For Sale, But Are They Cheap? Discounts are not always the same bargain. Much depends on the original price and quality of the goods. And even with last week’s falls on Wall Street, it’s hard to say the market is broadly cheap. But value appears to be building in some corners of … Read more

Global markets are fueling ahead of a big week for central banks

A trader works on the floor of the New York Stock Exchange (NYSE) on June 1, 2022 in New York City. Brendan McDermid | Reuters LONDON – Global stock markets fall sharply after May’s US inflation figures reignited fears that central banks will be forced to aggressively tighten monetary policy. Friday’s much-anticipated CPI report came … Read more

Stocks retest the lows as investors face an aggressive Fed and consumers are in flammable sentiment

Lily Tomlin may have been speaking about today’s stock market when she said, “No matter how cynical you get, it’s impossible to keep up.” Wall Street has been working for months to cast a gloomier future, prepare for uncomfortably corrosive inflation and dampen optimism about the economy. So far, however, these efforts have been overtaken … Read more