Watch Oil today – the run up in prices over the last week are in jeopardy, as OPEC struggles to agree on production cuts:
- Bloomberg – OPEC Deadlocked as Iran and Iraq Resist Cuts
- MarketWatch – Here’s how ugly it could get for stocks if OPEC can’t reach a deal
- Business Insider – Oil is getting smoked after Iran said it won’t take part in a production cut
A fall in the price in Oil would be ironic, given the hot new trade in the market right now is be betting on inflation – based on the proposed rise of Nationalism and Deficit Spending around the globe. Consider the following headlines:
- Business Insider – 2017 will be a year of ‘economic nationalism’
- MarketWatch – GDP rises at 3.2% annual pace, strongest in more than two years
- Dallas News – Bond market worries about inflation, spending in a Trump administration | Personal Finance
What assets do you want to own during inflationary periods?
Real estate, gold, oil, stocks, and inflation-indexed bonds? I am not sure I am ready to load up on any of these assets right now – but inflation is something to keep an eye on – along with the price of Oil.
Extra: Reading all of Donald Trump’s Tweets as President is going to be exhausting:
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