Wealth Consulting Group CEO Jimmy Lee says the recent market selloff is being driven by surging oil prices, not weakening fundamentals, arguing strong third-quarter earnings could create a buying opportunity for investors.
Jimmy Lee says Wall Street’s recent volatility reflects investor anxiety over higher energy prices and geopolitical developments rather than a breakdown in the broader economy. He expects companies to post solid third-quarter results, believes the Fed is likely to keep interest rates unchanged and says periods of market weakness can create opportunities for long-term investors.
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