Macro Overview – May 2018

Kent Forsey, CFP® Bonds, Macro Overview, Oil Prices, Stocks

Here are a few more thoughts to consider as we attempt to understand the crazy market of 2018 thus far. Markets persisted on a capricious course in April following announcements regarding tariffs, rising rates, and geopolitical tensions, yet some economists and analysts expect that a tax cut driven rebound is possible. The 10-year Treasury bond yield reached 3% for the …

OPEC Pumps Up Oil Production – Oil Industry Update

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Energy Markets, Oil Prices, Oil Production

As oil prices rebounded throughout May and June, drillers revived idle rigs at the prospect of catching higher prices as they evolved. Unfortunately, the upswing in production and drilling was accompanied by growing supplies and less consumption, thus resulting in a supply glut. As a group, OPEC represents the world’s largest producer of oil, with Saudi Arabia being the single …