The Complete Guide to Trading Like a Pro (PDF)

This free day trading eBook will teach you everything you need to know to start trading while aiming for maximum ROI. You will learn to build a solid foundation of key principles for successful trading right from the start.

By clicking the link above you will automatically opt-in to receive emails from MarketHundred

This Is Bad News for Biden...

How Iran's Attack Against Israel Will Impact Gas Prices You Pay At The Pump

Aaron Bry
April 15, 2024

The overall stock market dropped sharply Friday, with the SPDR S&P 500 Index (NYSE:SPY) closing down more than 1% in part due to investors’ fears of an imminent attack by Iran against Israel. While traders were selling stocks, they were buying oil in anticipation of a price hike due to a military escalation in the Middle East, where much of the world's oil is produced. 

What Happened: Those fears were realized over the weekend with an Iranian attack on Israel, although a coalition of military forces from Israel, the United States, France and other countries defended a majority of the drone attacks. Still, many experts worry that the ongoing Israel-Hamas war in the Middle East could keep oil prices higher for longer, which increases the probability of a recession in the U.S. and other countries.

Analyst Take: Nick Colas, the co-founder of DataTrek Research, said that if oil prices hover at prices above $100 a barrel, a recession in the U.S. becomes increasingly more likely. Oil prices sat around $85 a barrel for WTI on Monday, trading lower after Friday's spike higher.

Quoted: "Crude prices are our chief concern," Colas said in a recent DataTrek newsletter. "But we are a long way away from the $125/barrel level that would almost certainly cause a recession if sustained."

Read Also: Oil, Gold Markets Swing From War Fears To Calm Over Israel-Iran Tensions: What Analysts Expect Next

The price of oil and its impact on macroeconomics is complex. For example, sometimes when oil prices are rising it is a sign of a strong economy as increased demand for oil indicates strong economic activity globally. But, in the case of oil prices rising dramatically due to geopolitical factors like war in the Middle East, it could take money out of the pockets of consumers as they are required to pay more at the gas pumps.

If Iran's attack triggers a broader conflict in the Middle East, it becomes more likely that oil prices will continue to rise. Gas prices have already gone up dramatically in recent months, reaching a national average above $3.60 according to AAA. Colas says that if gas prices surpass $5 a gallon, it could be very bad news for the economy. But, Monday's price action should give drivers a sliver of hope, as oil prices dipped.

Most major energy companies, like Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and Occidental Petroleum Corp (NYSE:OXY) dipped on Monday as oil prices also dropped. 

There is a lag between crude oil prices and the cost of gasoline at the pump. Typically, when oil prices rise or drop, it takes a few weeks for those price changes to be reflected at the gas station.

But, if Monday's trend continues and the Middle East is able to avoid a further escalation, consumers may soon see relief at the pumps. If the opposite happens, it could be bad news, both for your portfolio as well as your wallet at the gas station. 

Now Read: Is Ethereum Dead? This Bitcoin Trader Thinks So: ‘Solana Attacking From Left Flank’

Image generated using artificial intelligence via Midjourney.

Continue Reading...

Popular

Record broken for most passengers screened at US airports, TSA says

ATLANTA (AP) — A record was broken for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday.

What's open and closed on Memorial Day

In what had long been celebrated every May 30 to honor America's fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Trump Media and Technology Group posts more than $300 million net loss in first public quarter

SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump's , lost more than $300 million last quarter, according to its first earnings report as a .

Tower Semiconductor CEO Eyes Recovery, Projects Over 7% Growth Next Quarter

Tower Semiconductor (TSEM) reported Q1 2024 revenue of $327.24M, beating analyst estimates. CEO optimistic for recovery despite market downturn.

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

Declares this radical biotechnology "is going to be flat out one of the biggest [tech revolutions] ever." And this $10 stock is at the center of all.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

MINNEAPOLIS (AP) — People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

These 5 Picks Put You on the Path Towards $500K - Ad

Give me just 10 minutes and I'll show you all the jaw-dropping details I've uncovered behind the next generation of investing... and why NOW is the best time to make your move... No games, no gimmicks...just a very real chance to rake in up to $500k in the next 12 months from these 5 'off the radar' opportunities.

Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump

The fading sway of Trump in motor sports suggests the breakup of the conservative-racing connection, as shown by recent developments at the Miami Grand Prix.

DEA And Cannabis Rescheduling: A Rollercoaster Ride You Don't Want To Miss, But Keep Your Seatbelts On

DEA's decision not to sign the rescheduling order caused a roller coaster ride for the cannabis industry, with more confusion ahead.

Forget Gold. Ditch AI Stocks. Get In on This Instead - Ad

If you're nowhere near the place you want to be with your retirement savings right now and worried about what the future has in store... you owe it to yourself to give me just 10 minutes of your time today... Do that and you'll discover the jaw-dropping details we've uncovered about the next generation of investing.

One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts

LONDON (AP) — They appear like ghosts in the night, standing outside your house, one holding up an antenna while the other crouches next to the car parked on the driveway. Within seconds, your car is gone, yet another victim amid enabled by the technology designed to make it easier to unlock and start vehicles.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A new 2024 election poll of swing state voters shows Donald Trump with a commanding lead. One key factor could be determining the race in these markets.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

19 of America's 25 Richest Are Using a New Form of Money--Are You? - Ad

Since 2010 the U.S. dollar has lost 30% of its value. That's why some savvy Americans (including 19 of the nation's 25 richest people) are using to a New Form of Money, up 350% during same time period . Is America's New Money right for you? One of the country's leading experts, (a multi-millionaire analyst, who built a business worth more than $1 billion)

Why Hims & Hers Health Stock Is Rising Today

After the market close on Monday, Hims & Hers Health reported strong first-quarter results that included revenue of $278.2 million, representing a 46% increase from $190.8 million in the first quarter of 2023. The number beat analyst estimates of $270.382 million.

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

Virgin Galactic Reports Better-Than-Expected Q1 Results

Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Walmart's Q1 Beat Likely To Drive Positive Reaction In The Stock, Says Analyst

J.P. Morgan analyst Christopher Horvers maintains a Neutral rating on Walmart. The retailer reported Q1 2025 adjusted EPS of $0.60, surpassing the $0.52 consensus, and sales of $161.51 billion, up 6.0% YoY. With a 15% EPS beat driven by strong margins and good U.S. comps, Walmart posted solid results, although comps slightly missed buyside expectations.

Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch

President Joe Biden's administration is moving to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Second Death - Pfizer Reports Young Boy's Death After One Year Of Gene Therapy Treatment In Muscle Wasting Disorder Trial

A young patient passed away from cardiac arrest after receiving Pfizer's experimental gene therapy for Duchenne muscular dystrophy. Pfizer investigates while trials continue, including Phase 3 study. Second death associated with the therapy.

One Tech Tip: How to spot AI-generated deepfake images

LONDON (AP) — AI fakery is quickly becoming one of the biggest problems confronting us online. Deceptive pictures, videos and audio are proliferating as a result of the rise and .

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees

Elon Musk re-hires some of the 500 laid-off members of Tesla's Supercharging team. The company plans to invest over $500 million to expand the network.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service