In a study of more than 60,000 people from over 180 countries by the Organization for Economic Cooperation and Development identified the “Better Life Index” for each country. The results...
In a study of 306 investment professionals, the question posed was what price point for oil will trigger a global recession, i.e. the canary in a coal mine. The results may enlighten your investment decisions as we rebalance our portfolios and strategies:
- 62% believe that below $30 will start a global recession
- 68% believe oil is not at a bottom
- 92% believe oil will rebound above $40 by year end
- 43% believe oil will end the year between $40 – $60
- 42% believe oil will end the year between $60 – $80
For investors, going long with oil at this time is considered as a prudent strategy. Look at the major oil producers. With earnings being released in the next few weeks, the future guidance will be telling if the turnaround will occur by the end of 2015 or extend into 2016.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
The following blog is the opinion of Gary Kapanowski and Garykapanowski.com. It is the sole intent to broadcast this opinion from Gary Kapanowski and Garykapanowski.com exclusively and not to reflect on any other institutions or organizations associated with Gary Kapanowski or Garykapanowski.com.