Source: ENB
The consumer-price index’s advance for the year that ended in June was the largest for any 12-month period since the one that ended in November 1981. Gasoline drove much of the increase, with shelter and food prices also major contributors. Treasury yields jumped immediately, but longer-term Treasurys quickly gave up those gains, reflecting the complex crosscurrents that have increased volatility in recent weeks. The stock market’s traditional volatility gauges suggest a lower level of fear, but some analysts say they are bound to catch up.
Major stock indexes fell Wednesday, with investors anticipating that at this month’s meeting the Fed would strongly consider raising interest rates by a full percentage point for the first time in decades. The S&P 500 fell 0.4%, the Dow industrials 0.7% and the Nasdaq Composite 0.2%. In global trading Thursday, major Asia markets ended mixed and Europe was down at midday, as were U.S. stock futures.
Source: WSJ
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
Stuart is on Board Member of ASN Productions, DI Communities
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.