Current issues:
– Energy crisis
– Debt ceiling deadline
– Rising inflation
– Labor shortages
– Supply chain disarray
– China growth slowdown
– CBs tightening policy
– Covid (heading into winter)Anything else?
— Michael Goodwell (@MichaelGoodwell) October 6, 2021
Mentions of "inflation" in earnings conference calls pic.twitter.com/oH70DC0cTz
— Not Jim Cramer (@Not_Jim_Cramer) October 7, 2021
#India #Steel Giant to Lift Prices as Global #Coal Costs Surge https://t.co/9JNwNRPAiv pic.twitter.com/EDJhfCEdCA
— Tracy (𝕮𝖍𝖎) (@chigrl) October 7, 2021
OFGEM CEO: I EXPECT MORE UK ENERGY SUPPLIERS TO COLLAPSE.
— Breaking Market News (@FinancialJuice) October 7, 2021
OFFICE OF GAS & ELECTRICITY MARKETS: THE INCREASE IN GAS PRICES IS PLACING UNDENIABLE PRESSURE ON SUPPLIERS.
— Breaking Market News (@FinancialJuice) October 7, 2021
The #AtlantaFed #GDP now continues to crop and is now well below consenus forcasts and rapidly approaching 1%. @RealInvAdvice @SoberLook pic.twitter.com/3Z4HQlMz1l
— Lance Roberts (@LanceRoberts) October 7, 2021
as i said last week, caixin reported lower freight rates due to the slower manufacturing production in china
it won't attack the baltic dry index so much as the air cargo freights and bulk shipping rates keep exploding https://t.co/r8bLskBPTN
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 7, 2021
Coffee: +79%
Gold: -8%The long coffee $JO short Gold $GLD pair trade… who would've thought. https://t.co/fgi8p2cmbS
— Hedgeye (@Hedgeye) October 7, 2021
$spx valuation pic.twitter.com/KXBbOG33La
— VIX Squared (@vixsquared) October 7, 2021
Food inflation heats up and the energy crisis may make it worse https://t.co/rD3zJCeYhq via @megandurisin pic.twitter.com/XW6qu15G8d
— Zoe Schneeweiss (@ZSchneeweiss) October 7, 2021
REPORT: GAS PRICES RISE TO 7-YEAR HIGH
A recent report from CNBC indicated Americans are paying the highest prices for gas in the last seven years, and some cities have gas prices as high as $5 per gallon.
CNBC noted that Americans are paying the highest at the pump due to the steady climb the nation has been seeing over the past year.