by Lance Roberts
My articles My offerMy siteAbout meMy videosMy books
Follow on:TwitterSeeking AlphaFacebookAmazon
| (10/11/22) Oil prices were over sold and due for a rally, which came to fruition, and we took off some energy exposure on Monday. OPEC cuts and tapping the SPR is creating a forecast for higher oil prices, yet. If oil prices stabilize at $85-87/bbl and work off their overboughtedness, we could then see another rally up to $100/bbl by the end of the year. However, oil prices have declined over all from their peak earlier this year. We're looking for a slight decline in CPI in this week's report, which would indicate a slight softening in inflation. But year-over-year comparisons are going to be stark. If inflation is cooling indeed, we're expecting the Fed to ease up on rate hikes. Markets are retesting lows, and earnings reporting will begin on Monday, with 70% of the S&P reporting next week. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #100oil #OPEC #StrategicPetroleumReserve #OilStocks #EnergyStocks #CPI #PPI #EarningsSeason#Markets #Money #Investing |
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
Tags: Featured,newsletter
43 pings
Skip to comment form ↓