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Oil drops significantly as volatility returns

CAPEX.com

Although the Fed's preferred inflation figure did not worsen in May, suggesting that inflation is peaking, it was not enough to give stock markets a bullish push.

The Wall Street indices experienced declines yesterday due to several factors. One of the factors is the date (the end of the quarter), the date on which investment portfolio adjustments are usually made and which can cause, as was the case, movements that do not have to be adjusted to fundamental reasons. The session was extremely volatile, with continuous highs and lows that did not respond to any other reason than the flow of purchases and sales derived from portfolio adjustment operations.

Another factor that negatively influenced the markets is the increasingly widespread perception among investors that a period of recession is looming. Contributing to this sentiment was the publication of personal consumption, which fell significantly in May. Remember that consumption is the main component of the gross domestic product figure.

Source: https://capex.com/en/overview/the-us-personal-consumption-expenditure-figure-was-not-negative
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