Buy Exxon Mobil in "No landing" US economy.
@JC888:
Who could have predicted back in March that things will take a dip in April 2024. Back then, everyday was a new test for the 3 Composite Indexes as they kept breaking new grounds, testing new limits. In less than a month, the market has become worse off than it was. (see below) How Did It Begin? If you asked me, it started around 10 Apr 2024 when US’s March CPI inflation data was released. (see above) This time round it came in much higher to the surprised of analysts. Headline inflation (3.5%) was higher than analysts’ forecast (3.4%) and was definitely higher than February’s data (3.2%). Initially Mr Powell tried his best to calm the market with his dovish remarks; while his team mates were more hawkish. Eventually on 16 Apr 2024, Mr Powell had to concede that falling inflation has grin