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Mastering Money

Mastering Money is hosted by Certified Income Specialistâ„¢ Steve Jurich. Steve's comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Sinclair Noe as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!
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Now displaying: Page 1

Jan 28, 2016

Oil and stock markets have moved in lockstep this year. The unusually strong link between the two markets partly reflects a common driver: fears that a slowing Chinese economy could tip the global economy into recession.
Oil had been an oversupply story but with China slowing down, it is becoming a demand story as well. Steve and Sinclair review a strong Wall Street Journal piece on how stocks and oil are moving together more than they have in 26 years

“Oil and stocks are being correlated by a single issue, which is fear of slipping global growth,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, overseeing $128 billion in assets.

Until last summer, most stock markets climbed even as oil slumped. The prevailing view was crude’s decline mainly reflected a glut in its supply, as producers from Texas to Saudi Arabia flooded the market. But weak Chinese economic data around August shifted focus to demand. The world’s No. 2 economy consumes about 12% of the world’s oil, second only to the U.S. Key points for all investors in today's market.

In the Q & A segment, Matt Griffin of Payson Petroleum joins the A-Team to report on what's happening in the trenches in Texas. Payson currently operates 26 rigs with rights to 5,000 acres.