If the OPEC deal dissolves and OPEC production increases to where it would normally be, oil prices are likely to fall from their lofty levels.
On Wednesday the FOMC did not raise rates, but they did set the stage for an additional drain on liquidity. The stage is now set for asset repricing, which is a gentle way of saying a market crash.
The amount of money chasing stocks is drying up considerably, natural conditions are prevailing, and it is happening on the heels of the most expensive bull market in history.
The price per gallon of oil is close to $4.00 in Southern California. Oil prices have spiked this year and gasoline prices have followed. This is adding significant pressure on consumers, the driving force behind our economy, and with Saudi Arabia eyeballing $100 per barrel for oil there seems to be