Will The Fed Pivot? Some Think So. WTI At $116 -- May 29, 2022

Earlier today I mentioned the four stories I am most interested in right now. The first of the four:

1. Whether the Fed wants to be responsible for pushing the US into recession, whether it deserves that blame or not? Will the Fed back off on all that scary language about raising rates as much as it takes?

Look at this, the tea leaves suggest the Fed may pause. In the screenshot below the phrase "risk is the asset to own" suggests the NASDAQ, semiconductors, and meme-stocks may be back in favor.

Here's the screenshot:

When you go to the links, click on the "show this thread" to get more of the discussion. 

It's an incredibly long discussion, so let's cut to the chase, the writer's / analyst's summary:

Hope springs eternal.

Energy? From social media or go direct to Reuters:

Tonight, oil:

• Brent: up 0.5%; up 61 cents; trading at $120
• WTI: up 0.8%; up 93 cents (which is almost a buck); trading at $116.