Well, that was quick.
I for sure thought we’d be sitting here for at least a day or two waiting for final election results to come in.
But at 3am, I felt a “smack, smack, smack” on my head and woke up to hear my wife telling me that Trump had secured the win.
With Trump back in office, we’re in for some interesting moves across commodities.
One of the biggest things to keep an eye on, in my opinion, will be oil prices.
See, with Trump back in office, I believe we’re going to see a push to crank up U.S. oil production.
That could mean lower oil prices in the long term, especially if the U.S. goes full throttle on drilling.
Remember “drill, baby, drill”? During Trump’s first term, that got us down as low as $25 for a barrel of oil…
And while that might seem a bit hopeful right now, I think $35 – 40 per barrel is perfectly reasonable once Trump’s policies take effect.
I dig into all this (plus some specific stocks to watch) in my new report. If you want the full scoop, you can grab it here and see what’s next for the markets.
— Geof Smith
P.S. And be sure to check out my appearance on Publisher’s Roundtable where I — and four other market pros — share our insights on what we can expect from the market. Including the top stock to keep your eye on. Click here to access your on-demand replay.
