"The Jobless Claims report is lifting the market. Jerome Powell was claiming disinflation and now is backtracking. His hawkishness is giving a probability of a 50BPS interest rate hike. The terminal rate is also moving higher. The risks are skewed to the upside now. We could see good data be a tailwind to the market. I see significant resistance for the crude oil price up to $82 or $83," says Bill Baruch.
10 Mar 2023
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