Oil Prices key

This article about slowing corporate profits, notes that energy costs are key in determining how fast the US economy will grow. Reuters estimates 13% for the July-September quarter.

The slowing rate of economic growth is still considered “respectable” and “not worrisome”. Despite this, I wouldn’t be surprised to see very choppy markets as their are likely to be more warnings and we’ve already heard from Intel, Tyson, Novellus, and Krispy Kreme.

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