2 Question Tuesday – 04/16/2024 – Why Is The Stock Market Falling & How Much Higher Can The Price of Oil Rise?

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. Why is the stock market falling?
  2. How much higher can the price of oil rise?

Phil, Mike, and Larry discuss the falling stock market. Last week, the Dow Jones Industrial Average sank 921 points, or 2.4%, for its largest weekly loss since March last year, and the S&P 500 posted its biggest weekly loss in 2024. With Monday’s decline the Dow is now flat on the year. They then talk about the global oil benchmark Brent jumping above $92 on Friday, a six-month high, and futures surging 19%, in anticipation of a possible attack by Iran on Israel. Now that the assault has happened, people fear it may widen the conflict in the Middle East and disrupt an area of the globe that makes up a third of the world’s oil output.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Host Lawrence Carrel’s books available available at Amazon.com