(6/22/22) Markets rallied +2% following a three-day weekend; gasoline prices took a slight slide, while mortgage rates spiked. Who sets the price you pay for gasoline? Not the major oil companies; why a gas tax "holiday" won't work; the real oil company profit margin story. The truth about home ownership, and why Millennials can't afford a house (Netflix has nothing to do with it.) Houses are not assets; financialization of everything, and where mortgage rates ought to be. Summer travel plans & Savings myths; lining up for Jerome Powell's "soft" landing; if the Fed would just stop...
SEG-1: Markets' Post-holiday Rally
SEG-2: Gasoline Tax Holiday Realities
SEG-3: Why Millennials Can't Afford a House
SEG-4: Softer Summer Travel Plans
RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor, Danny Ratliff, CFP
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Watch today's show on our YouTube channel:
https://www.youtube.com/watch?v=Zm24yVS5eG8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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Our Latest "Three Minutes on Markets & Money: What Happens to Oil Prices After Big Spikes?" is here:
https://www.youtube.com/watch?v=V8ROFhlaCmI&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
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Our previous show, "Is the Fed Determined to Make Another Policy Mistake" is here:
https://www.youtube.com/watch?v=ycqSp0gcwS0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1814s
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Articles mentioned in this podcast:
"Oil Price Reversions – The Inevitable Outcome Of Recessions"
https://realinvestmentadvice.com/oil-price-reversions-the-inevitable-outcome-of-recessions/
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