Oil prices rising but stocks donāt seem to care?
Oil has been climbing again as tensions around the Iran conflict continue yet stocks are holding up surprisingly well. How and why., itās because the market already knows about the war. When the conflict first started, investors had to anticipate, higher oil, higher inflation, slower economic growth, more uncertainty which caused the initial shock. But doesnāt get hit twice by information it has already priced in. Some sort of new shock would have to hit in order for prices to react something not seen before during the war like oil going well over 100$. And thatās one why I believe the Nasdaq will reach an all time high before mid terms. Also: heres a snipe on nasdaq from earlier this week ;)ā¬ļø šÆ
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1 Comments
Mike L@noviceadvisor Ā· 9d
You know that it's market manipulation. Here memory chips are sky high for a sector which isn't honestly important whereas oil reserves are the lowest in 50 years and oil should be a lot higher
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