With Labor Day weekend over, oil prices should be trending down. The summer driving season in North America is over, and it’s largely an American phenomenon. However, expectations for a potentially colder-than-average winter are keeping a bid under oil prices right now.
At a time when traders typically expect lower prices going forward, oil is now at a 5-week high and trending higher. And Bank of America analysts see crude oil pumping as much as $100 per barrel under an exceptionally cold winter scenario. It’s likely that gas prices may remain higher for longer than expected, and can also weigh on the costs of any energy-intensive business.
Now here’s the rest of the news:
Medicare Is About To Run Out of Money, Democrats Want To Make the Program Cost Even More –Peter Suderman,Reason
The Medicare program is on track for a trust fund shortfall in just five years. But instead of just paying for it as-is, Democrats want to expand it… [Read Here]
Yellen Warns U.S. Could Run Out of Money Next Month for ‘First Time in Our History’ –Georgina Tzanetos,Go Banking Rates
The Treasury Secretary wants the debt ceiling raised now. Waiting until the last minute could have catastrophic effects on the economy overall, she desperately warned… [Read Here]
September 14, 2020
Coming off a holiday-shortened week, the stock market had plenty of drama for investors. As you look at the sector performance of the S&P 500, it was Materials that posted the only weekly gain, followed by Industrials and Utilities. That’s quite an unusual grouping on the down week. At the bottom of the sector list was Energy, Technology and Communication which all lost over 5% on the week. If the market can find its bullish footing next week, it will be interesting to see if Utilities and Staples moves up the list or will it be Technology and Communications.
Now here’s the rest of the news:
Teetering FAANG Stocks Are Raising These Critical Questions
After losing a staggering $500+ billion in value in just a few days, a growing chorus of analysts are questioning if these stocks are worth the risk.
Price at week’s end (change over last week) As political tensions boil, one fund is warning that the coming election could significantly destabilize the markets.
Gold $1,942.78 (+0.3%) … Silver $26.85 (-0.6%) … Platinum $936.28 (+2.4%) … Palladium $2,395.97 (+0.9%)
September 14, 2019
Did you see my cartoon about the bigger fish swallowing the smaller fish, which was chasing the even smaller fish?
Today Darren Hardy, my mentor, asks that very question, “Are You Top of the Food Chain?” Enjoy today’s video.
“Though we travel the world over to find the beautiful, we must carry it within us, or we find it not.”
—Ralph Waldo Emerson
Wasn’t that great? Of course it was… 😉
September 14, 2018
September 14, 2017
After yesterday’s whale watching adventure, we woke for the last morning in New Brunswick, at least for this vacation year. We then headed down into the heart of Saint John to snap a few historic moments before scurrying to the terminal for a short trip, by ferry to Nova Scotia.
We were to come upon what our bed and breakfast hosts would self-describe as a million dollar view. Got to agree…
And yes, what a spectacular view it was here in Digby, N.S. We settled into our B&B rooms, then strolled down mainstreet for a bite to eat on-the-shoreline. What a relaxing place to wind down and take in a few geocaches. Wow…
We’ll be back!