Market Factors: J.P. Morgan’s oil forecast will make nearly everyone unhappy

In this Market Factors, I’ll detail a two-year oil price forecast from J.P. Morgan commodity strategist Natasha Kaneva that was bearish enough to surprise me. I will also consider if my skepticism on domestic bank stocks is wavering and describe a potential death spiral for 100 U.S. cities where insurance companies are pulling back.A sculpture of oil rig workers, "Tribute to the Roughnecks" by Cindy Jackson, is pictured in a park atop Signal Hill, California.J.P.

Rising global supply will be the limiting factor for the commodity price, according to the strategist. She expects the global market to shift from balanced this year to a surplus of 1.3 million barrels per day in 2025. This is in large part caused by a 1.8 million barrel per day jump in supply from Brazil, Guyana, Senegal and Norway.

Tesla has furloughed employees on the Cybertruck production line, General Motors is selling its stake in a Michigan battery plant and Ford Motor has halted production of the F-150 Lightning. These are only recent three examples of declining demand for electric vehicles that will only get weaker as U.S. gasoline prices remain low.that I wasn’t in a hurry to buy them after reading Scotiabank analyst Meny Grauman’s most recent research report. Mr.

The average yield in the bank sector is over four per cent and that, combined with the fact that three-year periods when domestic bank stocks lose money are exceedingly rare, makes buying and holding a reasonable option for investors. Still, the prospect is not that exciting for me.uncovered 100 U.S. cities where insurance was likely to be withdrawn or become unaffordable due to climate change.

Bank earnings continue. Royal Bank and National Bank reported Wednesday. The former blasted past consensus estimates and raised the dividend. National Bank also raised the dividend while reporting profits slightly above forecasts. On Thursday, CIBC , TD Bank and BMO report.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Market Factors: Why Wednesday could be the most important market day left in 2024Plus, Rosenberg’s revised market call and why women are better at TFSA investing
La source: globebusiness - 🏆 31. / 66 Lire la suite »

Market Factors: Tariffs a danger to Americans tooPlus, a genius bet on the U.S. election and why we need to worry about future demand for equities
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Market Factors: Unlikely source dispels passive investing mythsAlso, an analyst finds 45 million barrels of oil
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Market Factors: Top Trump trades and why he’s bad for the loonieSome promising trades for Canadian investors
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Market Factors: Five under-discussed reasons to buy stocksPlus, questioning the post-election rally
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Market Factors: Why I’m not in a hurry to buy bank stocksPlus, stocks that could be good tax-loss selling candidates
La source: globeandmail - 🏆 5. / 92 Lire la suite »