by Lance Roberts
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| (9/6/22) Markets are set to open higher after last week's sell-off, under pressure from Fed head Jerome Powell's post-Jackson Hole speech, suggesting more rate hikes, more aggressively, are still to come. Markets tried to challenge that, until Russia threw a wrench into the works, announcing a cut off of natural gas to Europe. This morning's futures are looking higher, seeking a bit of a rally as markets remain over-sold. Continue to use these rallies to sell into to reduce portfolio risk. Meanwhile, OPEC announced over the weekend a cut in production, proving the half-life of a Biden fist bump is about one month. The cut is no surprise, as oil prices have been under pressure, and OPEC likes those prices kept high. A rally to $95 or $98/bbl would not be surprising, and would create a decent sell point for investors. As the Fed continues to hike rates, demand will weaken, keeping oil prices in a downward trend, despite the production cuts. 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 #OPEC #OilPrices #FederalReserve #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.
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