Every country in the world has handled the recent pandemic in different ways. One can even say every state in the U.S. has handled it differently. As a whole, as witnessed by the resurgence and resilience of our economic markets, the U.S. has handled it better than most. The effect of those efforts, most likely higher taxes and inflation, has …
Macro Overview – May 2018
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
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 …