HomeMarketsU.S. Economy & JobsCrude Oil Weighing On Positive Market Sentiment

Crude Oil Weighing On Positive Market Sentiment

Dow Jones today is on pace to snap out of the eight week losing streak. "The stock market today and throughout the week has seen strong momentum to the upside. However, earnings and economic data did not excite investors. In terms of energy, crude oil is up from its 50 day moving average. Gas at the pump is up record levels," says Ben Lichtenstein. What about the bitcoin price? It did not participate in the upside move. What did investors learn from this week's FOMC Minutes? Also, how is the U.S. Dollar correlated to the crude oil price?

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27 May 2022

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