Although the stock market is shattering records, and publically traded companies are more valuable than ever, much of Wall Street fears an upcoming “market correction." The general consensus is that September 2015 will mark the end of the Fed’s Quantitative Easing program, and the beginning of interest rate hikes (also known as the Federal Funds Rate). In response, investors are hesitant to invest capital in the stock market.
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Spoiled By Oil
In what has otherwise been a tumultuous year for the oil industry, some good news emerged this week as crude oil prices hit a new 2015 high. Since its $110 per barrel price in June 2014, Brent crude prices have crashed to below $50 per barrel; however, as of Wednesday, Brent crude bucked recent trends and ended the day at $64 per barrel. Unfortunately, this good news came at a cost.
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The World Beyond Wall Street
If you have been paying attention to international news over the last few weeks, you are most likely aware that the Middle East is once again heating up. While the civil war in Syria continues to rage, militant Islamic fundamentalists have risen up in Iraq (a group known as ISIS), and are slowly trekking toward Baghdad.
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