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Commodities Could Be On Track For Worst Streak This Century

We could get "hawkish hikes" from each of the Swiss National Bank, Bank of England, and Norway's Central bank, notes Jeffrey Kleintop. He and Liz Ann Sonders discuss how stocks turning lower after Powell's testimony. Jeffrey mentions that should commodities close out a fifth consecutive quarterly loss, it would be the worst streak this century. Liz Ann highlights that weaker services activity is getting a bit of an offset by improving the housing environment, and markets are likely still not pricing in "high(er) for longer" in term of Fed policy. They then go over international investing themes to track. Tune in to find out more about the stock market today.

Market On Close

21 Jun 2023

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