2 Question Tuesday – 09/12/2023 – What’s Going On In Oil Market & What’s Your View On Tech?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- What’s going on with the oil market?
- What’s your view on technology stocks?
Phil, Mike, and Larry discuss how high oil prices will rise after oil hit a nine-month high last week on fears about tight supplies as Saudi Arabia and Russia extended their oil production cuts until year end. They then talk about hedge fund investor Dan Niles citing three reasons why he’s betting against Apple, the maker of the iPhone and making it his largest single-stock short position. Niles cited three reasons for his bearishness, but his biggest worry is China’s iPhone ban.
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.