CPI data, summer oil prices, situation of the utilities sector: Market domination

On Monday’s episode of Market Domination, hosts Josh Lipton and Julie Hyman discuss summer oil prices, the Federal Reserve’s upcoming interest rate decision and more.

As crude oil futures prices rise (CL=F, BZ=F), Ines Ferré joins the show to explain why oil prices could hit $86 a barrel this summer. Turning to the offshore drilling sector, Ferré discusses Noble Corporation’s (NE) deal to acquire Diamond Offshore Drilling (DO) in a cash and stock deal valued at $1.6 billion.

With Consumer Price Index data expected next Wednesday, Crossmark Global Investments chief market strategist Victoria Fernandez discusses the state of inflation and when the next interest rate will be introduced. Fernandez explains that despite conflicting economic data causing some volatility, “it all comes down to the fact that the market believes the Fed option is on the table.”

In the new edition of Good Buy or Goodbye, Interactive Brokers chief strategist Steve Sosnick breaks down two interest rate-sensitive sectors in an economic environment where prices are higher and longer. He explains why the utility sector (XLU) is “a manifestation of AI madness gone out of control.”

This article was written by Gabriel Roy