Mat-Chem Notes : For the Week Ended April 28, 2023
WTR-CMI last week. In what was a mixed week for the market, with S&P 500 appreciating 0.9% and the Russell 2000 slipping 1.3%
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With Inflation Untamed, More Fed and ECB Rate Hikes Ahead Despite Recession
US M2 contracted 4%YoY in Mar'23 but core PCE inflation was still 4.6%YoY, requiring another 50bp of rate hikes plus recession. PCE to lose...
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The Highlights : Cannabis News for the Week Ending April 28, 2023
It was a good week for most global equities, with the MSCI World Index and the S&P 500 gaining 1.77% and 1.57%, respectively.
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S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive
$SPX testing our 4165-4200 resistance range, $DJI testing 34,280 1-yr resistance, Nasdaq Comp $COMPQ testing critical 12,300 resistance. All while...
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Recession fears scare commodities again & World Banks forecasts major drop
In its latest Commodity Markets Outlook report the World Bank said last week that global commodity prices are expected to decline this year at the...
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