Markets Rally Despite OPEC Production Cuts
(9/6/22) Markets are set to open higher after lwast 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/
-------
Watch the video version of this report by subscribing to our YouTube channel:
https://www.youtube.com/watch?v=93RNDdSzkqI&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
-------
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/
-
3:01
Lance Roberts' Three Minutes on Markets & Money
1 year ago $0.01 earnedSetting the Stage for Santa
23 -
LIVE
2 MIKES LIVE
2 hours ago2 MIKES LIVE #92 DEEP NEWS BREAKDOWN WEDNESDAY! SPECIAL GUEST JAMES PEIPER!
657 watching -
UPCOMING
The Big Mig™
3 hours agoTrump Assassination An Inside Job? w/ Craig ‘Sawman’ Sawyer
3102 -
2:02:57
Laura Loomer
4 hours agoEP59: Trump Unifies the Country at RNC Convention Following Assassination Attempt
55.9K35 -
20:54
Bearing
9 hours agoTrump FALLS OVER After LOUD NOISES at Pennsylvania Rally
2.24K27 -
33:38
Michael Franzese
4 hours agoBulger and Epstein's Brutal Murder EXPOSED
26.8K24 -
LIVE
Racketnews
2 hours agoRNC Day Three Biden Emergency Tucker Carlson, more
1,413 watching -
LIVE
Exploring With Nug
5 hours agoBeloved High School Coach Disappears Without A Trace! Massive Search Turns Up Nothing!
275 watching -
1:19:06
Redacted News
4 hours agoBREAKING! Disturbing New Details in Trump Assassination Plot Exposed | Redacted w Clayton Morris
123K309 -
16:00
Congresswoman Lauren Boebert
5 hours agoJoin Congresswoman Lauren Boebert live from the RNC Convention
26.7K26