Oil Falls, Dollar Weakens, Growth Stalls ...Middle East

Perhaps, as non-financial types, you have been perplexed by the strange doings of the various markets. Well, you should be. Consider these statistics for the year to date (May 21): The US stock market, as represented by the S&P 500 has declined by 0.6 %. WTI oil price has fallen 14.5%. The US dollar dropped 8.2%. US Treasury bond yields rose 2 basis points (meaning bond prices fell 0.4%). Real GDP in first quarter of 2025 declined 0.3% Let’s start with the oil price. At the beginning of the year, we argued that oil prices, over the long…

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Oil Falls, Dollar Weakens, Growth Stalls ...Middle East

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