Last week, like many analysts, I was closely watching events in Saudi Arabia. An important oil facility had been attacked, and initial reports indicated that 5% of the world’s supply of oil was knocked offline in the attack. Oil was set to spike when markets opened, and it did. By the end of the week, prices were back into the trading range that contained prices for most of July and August. —Recommended Link— The Real Reason Most Americans Can’t Retire by 65 If you’re following traditional retirement advice that made sense 50 years ago… You… Read More
Last week, like many analysts, I was closely watching events in Saudi Arabia. An important oil facility had been attacked, and initial reports indicated that 5% of the world’s supply of oil was knocked offline in the attack. Oil was set to spike when markets opened, and it did. By the end of the week, prices were back into the trading range that contained prices for most of July and August. —Recommended Link— The Real Reason Most Americans Can’t Retire by 65 If you’re following traditional retirement advice that made sense 50 years ago… You may be missing out on the most effective retirement strategy today. Here’s all you need to know to retire as early as this year. For now, oil is on the back burner for traders. In part, that’s because the Federal Reserve pushed its way into the headlines. We knew the Fed would make the news as it held a regularly scheduled meeting. As expected, the Fed cut the target range for the federal funds rate by 0.25%, for a new range of 1.75% to 2%. What was unexpected was the dissent associated with the decision. Three of… Read More