9-24-24 Oil price dip - a signal of economic weakness?

Oil prices have rallied and are becoming over bought, but remain weak overall. This decline in oil prices is undermining some of the more exuberant outlooks for earnings, going into the fourth quarter, and certainly opinions about growth in 2025 (which some analysts are calling for 18% earnings growth next year!) So expectations that things are going to kick off to the moon as the Fed lowers rates may be a little too optimistic with one of the basic commodities, oil, not showing the relative strength you would want to see in a "much improving" economy. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=TQg8HYT2TUA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FederalReserve #PortfolioRisk #MarketRally #MarketBreakout #OilPrices #FederalReserve #InterestRates #FedRateCut #BondYields #YieldCurveInversion #MarketRally #MarketBounce #MarketRisk #Overbought #MarketBullishness #MarketVolatility #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing