Oil Prices Plummet: What’s Behind the Drop to the $60s?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 13 September 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
This significant price shift reflects changes in global supply and demand dynamics, geopolitical tensions, and economic forecasts
Understanding these trends raises an important question: what potential impact will this have on the global economy and consumer behavior moving forward?
Also in this podcast: PSCE - Invesco S&P SmallCap Energy ETF (ETF); CSV - Carriage Services Inc. (NYS); SNSXX - Schwab US Treasury Money Fund;Investor (FUND); RMD - ResMed Inc. (NYS); GNTX - Gentex Corp. (NAS); MU - Micron Technology Inc. (NAS); SNPS - Synopsys Inc. (NAS)D; COWZ - Pacer U.S. Cash Cows 100 ETF (ETF); and Justin's MARKET WRAP UP plus his topic talking points: Corporate investing in China the Biden administration has been tough invoking tariffs on China.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:09.0 | And for our podcast subscribers, this is Invest Talk. Independent thinking, shared success. |
| 0:18.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial Chief Executive Officer, Financial advisor, Justin Klein. |
| 0:35.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:40.0 | This is our Thursday, September 12, 2024 edition, and we are winding down the months of summer |
| 0:49.4 | and markets remain relatively volatile. |
| 0:52.5 | You know, volatility happens in both directions and we've had a very choppy period as of late, |
| 0:58.0 | which is typical from a seasonal perspective, but you know that's minor compared to the broader backdrop of |
| 1:06.7 | liquidity economic growth etc and that's why it's always important to, you pay attention to these, I don't say anomalies, |
| 1:18.0 | but these minor impacts on the broader economy and asset prices. |
| 1:24.8 | And you have to focus really on what matters most in the short to medium term, which is from |
| 1:31.0 | a macro perspective perspective understanding where money creation is happening |
| 1:35.9 | whether it's at the government level whether that's at the bank level is that |
| 1:40.3 | ebbing or is it flowing right now? It continues to flow right so |
| 1:45.5 | that's a that's an important backdrop and then from a micro level looking at the |
| 1:49.8 | individual companies finding the best in the business, right, and the best in the particular sectors. |
| 1:58.0 | What are the quality names, not just the ones that pay the highest dividend or the one you read an article about or one your cousin told you about. |
| 2:05.8 | No, that's not what this is about. |
| 2:07.5 | It's not good investing habits. |
| 2:10.5 | You know, the good investing habits has to do with investing in quality |
| 2:14.6 | assets, quality businesses, okay? And that is we are, what are, we are here to |
... |
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