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Is Energy The Place For Investors To Hide As Stocks Tumble? ...Middle East
It has been a rough couple of weeks for stock investors. The S&P 500 lost close to ten percent from its August 16th high to its Thursday low as the market came to grips with the reality of the Fed’s rate hikes and their intention to continue on that path until inflation is beaten, even if that means risking a full-blown recession. Things came to a head at the end of last week when Jay Powell, in a speech at a Jackson Hole, Wyoming summit, indulged in some serious central-bank-splaining as he told the smart people on Wall Street just that,…
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