Everything is crashing: stocks, bonds, crypto, commodities all tumble ahead of Fed minutes (SPY -1.1%). April 2021 trucking marginally declined. Bitcoin tanks 20% in 24 hours to fall below $37,000.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The IEAs Latest Proposal Is Both Reckless And Impossible
The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report Net Zero in 2050, the energy agency calls for no new investments in oil- and gas-related projects. As stated by Fatih Birol, the IEAs executive director, new energy security challenges will emerge on the way to net zero by 2050 while longstanding ones will remain, even as the role of oil and gas diminishes.