There's likely to be a supply-demand imbalance for oil in the next year, says Cerity's Jim Lebenthal
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- Liz Young, Jason Snipe, Jim Lebenthal, and Steve Weiss join 'Halftime Report' to discuss the latest market rally, the likelihood of a recession, and more.
All three averages are a rollercoaster ytd. What can so do differently? Buying bonds is not for me, I reckon some people are making a killing with the bears? I cashed out early, now I have less than a 200k to get into the markets with. Any ideas?
Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash
SOFI, TSLA NVDA, I also included MSFT and ServiceNow, as well as some energy plays like WFRD stock.
Who is this Monica you speak about? I have been searching for an advisor who can direct us on where the economy is headed next?
How can I reach her directly and what are the upfront fees?
I appreciate this share. I set up a call. I am keen on getting to talk to her particularly. Lady looks really great though even with the exams and other stuff.
Russia and Iran are flooding the market with oil, China is slowing down, unemployment is rising in the US. Why does everyone keep saying oil is going to go up?
Steve is the only one who’s dealing with reality, oil is range bound until the economic outlook is more certain
Where are the supply constraints? US production is at record levels
Forecasting softer demand next year. But like housing, maybe supply will be lower?
Probably not. Saudi has seen their revenue going down unexpectedly due to production cut. They may have to ramp up production.
Just wait until winter
Steve doesn't own oil, coz he has most of his position in MRNA : 0
And so it begins...
Usually oil is the last solider to fall in an economic cycle. The cycles are so confused. My thesis is that the strong dollar will break as soon as the world wakes up that the Fed is hiding a bond apocalypse. So a super accelerated weaker dollar drives oil to all time highs, then the recession is upon US, even as the GOP forces a catastrophic failure sovereign debt issuance.
If there is a bond apocalypse, the fed would find out with the rest of us. Nonetheless, won’t become apparent in an election year for sure
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Oil goes to 100 by the end of the year because the winter is gonna churn the juices
Farmer Jim, should I buy some Cleveland Cliffs?
It will be bottomed at $76/barrel, nothing to worry
😎I’m waiting while using stock options to profit. Time will come to get into oil stocks.
This is why i have a electric jeep grand cherokee