October 20, 2022 - Daily Market Briefing
Tom and Ben discuss the continued conversations around the Biden administration's release of the final reserves authorized earlier this year. The plans for replenishment are focused on doing so when the price of oil drops to between $67-72/barrel. Interest rates continue to be on the rise. Earnings reporst continue this week, as TSLA is down 5%, LRCX is flat, and IBM is up 3% (to note a few larger players).
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