Apple’s share price rallied in late July as the third-quarter numbers topped forecasts, but the stock has been sliding since because of the wider sell off in the markets.
We heard from a range of central banks last week and the update sparked big moves in the markets, and the bulk of the volatility was in currencies.
The oil price has seen colossal price swings in the past two and half years. At the lockdowns were introduced in 2020 as a reaction to the pandemic, the oil market tumbled as demand fears accelerated. In February 2020, WTI was trading in the region of $45 and by late April oil futures traded below zero as dealers rushed to exit the market.
Netflix has seen a dramatic rise and fall in the past two years as the stock accelerated in 2020-2021, but then things took a sharp move lower.
Things have gone from bad to worse for the Meta Platforms share price. In July, the company issued a disappointing quarterly update, and the sentiment has remained sour since.
The markets saw an increase in volatility towards the end of last week as bond yields ticked up, and that indicated the markets are factoring in more large rate hikes from central banks.
Gold is arguably the oldest interment tool in the world, and with that it has a long track record of being a safe haven asset, whereby if uncertainty descends upon the markets, funds are ploughed into the metal.
The US banking sector has been losing ground in 2022 even though the Federal Reserve has hiked interest rates four times since March.
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