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InvestTalk

Oil Prices Plummet: What’s Behind the Drop to the $60s?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K 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

Click on a timestamp to play from that location

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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