Penn Wealth Publishing

2018.03.25 Penn Wealth Report Vol 6 Issue 01

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25 Mar 2018 Penn Wealth rePort voluMe 6 issue 01 5 Penn Wealth RePoRt Copyright 2018. All Rights Reserved. the Week in Charts Charts tell the story. Here are some of our favorites from recent days. For the top business and economics stories of the week, visit Penn...After Hours at www.penneconomics.com. Oil's great resurgence Oil futures have risen from about $43.75 per barrel six months ago to $64.47 as of the 23rd of January. That's a 47% gain in half-a-year. Normally, we would take a position in one of our two go-to short oil ETFs at this price, but experience tells us we may not be at the ceiling just yet. Yes, higher prices help OPEC and Russia, but they also help US producers, which is a good thing. Sadly, there go prices at the pump. Does leadership matter? Rate worries spook market While they play nice in public view, there is an ongoing feud between the two former CEOs of industrial giant General Electric. The legendary Jack Welch regrets grooming his replacement, Jeffrey Immelt, and Immelt thinks that Welch left him a lumbering giant whose best days were behind it. Whose right? All metrics support Welch. The only ques- tion now is whether or not the company can return to greatness—and whether or not John Flannery is the right person to head the turnaround effort. (We say no.) The stock market finally took a little breather early in the week, but it wasn't due to geopo- litical concerns or earnings. It had everything to do with fears that the Fed will raise interest rates quicker than earlier anticipated due to the robust US economy. The 10 year Treasury rate reflects this concern.

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