6/8/2022 The Light at the End of the Tunnel!!!
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 6/8/2022 Towne Wealth Management BLOG:
The Light at the End of the Tunnel!!!
Oilis expected to hit $140 a barrel this summer, according to Goldman Sachs 6/7/2022, but hints it may feel like $160. But it’s not just at the pump, our own Federal Reserve Bank of San Francisco in November of 2007, suggested, oil prices, in terms of inflation, can directly affect the cost of all goods made with petroleum and, indirectly, can affect the costs of transportation, manufacturing and heating. The light is getting bigger so to speak.
And, further down the track...
Recent data, reports The Hill 6/6/2022, shows a 1.5 percent decline in GDP this first quarter of 2022. Remember, two consecutive quarters of negative GDP is considered to be a recession. How will the markets hold up in this environment now becomes the question? And, as the saying goes:
‘Money doesn’t disappear, it goes somewhere.’
How to be on that train to somewhere will be the challenge for investors this mid-term election year.
All Aboard …..
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.