Market Update Nov 17

Ok another random 2 week hiatus. I’m sorry. I was having too much fun at Schwab’s IMPACT conference in Denver, and then last week I was not having any fun dealing with makeup work and tests. All is calm(er) and I am here and excited to update you on what’s up in the Market. Market […]

Ok another random 2 week hiatus. I’m sorry. I was having too much fun at Schwab’s IMPACT conference in Denver, and then last week I was not having any fun dealing with makeup work and tests. All is calm(er) and I am here and excited to update you on what’s up in the Market.

Market Update Nov 17

So you know how you’re not paying hardly as much to fill up your gas guzzlers anymore? Well you should continue to expect lower gas prices. Before I explain, here’s a breakdown of the largest oil producers & suppliers in the world.

Capture Oil

So yeah, see the Saudis up at the top? Since oil prices are shooting down dramatically, you would think that the largest producers would cut back on production to control prices. Well that makes too much sense. The Saudis basically said they weren’t going to decrease oil production. Oh and the other top producers in the Middle East are also unlikely to cut back oil production. So we’re looking at you Africa, to cut production in order to control oil prices….. This has really come out of right field. Read more on WSJ

In better news (just kidding, this isn’t cool, at all) Japan just entered a recession. The island homies thought it was a good time to raise the sales tax, and resulted in negative country wide growth in the 3rd Quarter. Hopefully they can figure out a quick fix because this could impact the US Federal Reserve’s timing (and maybe even overall decision) to finally raise interest rates. Thanks, Japan…. More on Bloomberg

Random fact to pull out if your conversation has no other talking points (seriously, as a last resort only): Chinese student enrollment in US Colleges jumped 75% in past three years. If you want to read the 3 more paragraphs breaking down the past 3 years, then here. Via Bloomberg

How about something decently positive? So connecting the dots, lower oil prices give more $$$ in your pocket. “Economists calculate that each 1-cent drop in the cost of a gallon of gas puts $1 billion into the pockets of consumers”, according to another article that I will link you too in a few lines, just be patient. Gas prices have fallen around 70 cents since June. You do the math how much that will add to your pockets. And this article shows increasing amount of consumers spending money at restaurants. Since June, Consumer spending at restaurants has increased 9% (annualized for my fellow math-maniacs). You can find me at Applebees….. Read more Via MarketWatch

I’ll keep you posted on this week’s financial events. But here’s something even more important which my roommate so kindly directed me to:

For all you fellow fanboys (and girls) anxiously awaiting the 7th installment of Star Wars due next Christmas: we officially have lightsabers. No Joke. Dudes at Harvard and MIT were playing with their photons and messed up, but their mistake made something similar to lightsaber blades. I’m pumped. Disney probably is too. Read more about the photons and physics here: Via Time


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