About the Video
Weekly stock market analysis – employment data update, FOMC Meeting Minutes recap, commodity prices update, China lockdown and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Introduction
0:23 → Weekly Economic Data Update
3:03 → Fed FOMC Meeting Minutes
5:16 → Commodity Prices Update
6:35 → China COVID Lockdown
8:18 → Upcoming Important Dates
Job growth accelerated at a much faster pace than expected in June, with unemployment rate remaining at 3.6% and nonfarm payrolls increased 372,000 in the month, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. However, the high wage number means Federal Reserve officials are even more likely to press ahead with aggressive rate hikes over the coming months.
Oil prices have fallen to four-month lows. Copper has slumped 30% from recent highs, while wheat has fallen 40%. The prices of key raw materials from oil to oats have tumbled in recent weeks, taking the S&P GSCI commodities index back to where it stood before Russia invaded Ukraine in late February. However, the drop is a double-edged sword: traders and investors are ditching commodities because they think economic growth is going to slow dramatically, or even start going backwards.
China’s Covid Zero strategy is being tested anew after a jump in infections across Shanghai raised the specter of another lockdown, while a highly infectious subvariant started spreading in the country for the first time.
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The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
