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Chart of the Week: 07/22/2008
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With a new hurricane season now underway and continued tension with respect to Iran, oil prices remain volatile. If prices reverse back upward, as some expect, U.S. economic growth will slow further as consumers re-examine their budgets and pull back on spending. Alternatively, if oil prices continue to weaken over the next few weeks, average Americans will cheer. Investors overweight in energy, however, may feel some additional pain. We will keep you posted as we follow this important wildcard closely.
Meanwhile, the InvesTech Housing Bubble
Bellwether Index bounced up a little late last week as nervous investors
were soothed by the news that the government will help Fannie Mae and
Freddie Mac. New regulations regarding short sales also helped stabilize
the financials affected by the housing crisis. |
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Analysis by James Stack, InvesTech Research.
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