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The Real Impact of $80 Oil

(10/11/21) Crude Oil Prices at $80/bbl--higher energy prices are feeding into the inflationary pressures on Wall St. as well as Main St. This will weigh on corporate earnings and more importantly, corporate outlooks in view of supply chain disruptions, inflationary costs, and companies' ability (or inability) to pass on these costs to consumers. Markets are now on a Money Flow "Buy" signal, as well as a MACD "Buy" signal, confirmed on Friday (10/8). The good news is, Markets did break above their 100-DMA, holding that critical level of support; trying to rally back above the 50-DMA is going to be key over the course of the next few weeks. The more times market test support, the more likely it is that support will break to test lower levels. On a longer-term basis, there are more concerns. Watch the weekly money flows for weaknesses. Monthly money flow signals are even more important to pay attention to.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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Lance Roberts
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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