The latest data point to offer a whiff of stagflation
The latest data point to offer a whiff of stagflation: Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch
Oil prices head lower, paring gains for the week
The U.S. consumer sentiment report was the latest data point to “offer a whiff of stagflation,” said Tyler Richey, co-editor at Sevens Report Research. “Risk assets didn’t like that,” and oil prices moved down toward session lows shortly after the data’s release.
“The geopolitical fear bid has largely gone stale since the realized impact of the ongoing Israel-Hamas war has been nominal compared to the implied threat to global oil supply when the conflict began last fall,” he told MarketWatch.
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