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I expect the figure to rise, particularly as the harsh European winter is on the horizon. Further, the matter speaks to a simple economic equation: less supply equals more demand.Ĭurrently, XOM has gained nearly 54% on a year-to-date basis.
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Without critical hydrocarbon inflows that Europe grew dependent on, many regional leaders find themselves scrambling for solutions. While the geopolitical crisis doesn’t directly impact Exxon Mobil, the disruption of global supplies represents a massive paradigm shift. “Russia used to supply 40% of Europe’s natural gas, and even more to Germany, where inexpensive energy was a pillar of the economy,” the publication stated. According to PBS, this action translates to shipments falling 89% from a year ago. Recently, Russia made the decision to cut off the Nord Stream 1 pipeline. The narrative for Exxon Mobil (NYSE: XOM) as one of the best blue-chip stock picks mainly comes down to geopolitics. After all, these tend to be the most reliable offerings. With so many troubles to deal with, it’s best to consider exposure to blue-chip stock picks. Even climate change and the associated heat wave that impacted millions of Americans can influence the equities sector. They must also factor in current events such as the developments of Russia’s invasion of Ukraine. Unfortunately, monetary policy only represents a partial concern for investors. However, it represents a fundamental shift from wildly inflationary trends. In fact, after purchasing power eroded significantly in the first half of this year, currency strength gained between June and July. Primarily, the Fed chair’s commitment to a hawkish monetary policy implies a deflationary ecosystem ahead. Several factors, including geopolitical dynamics, present ambiguous waters to navigate. As well, it’s not just Powell creating rumblings in the investment space. It does not store any personal data.With Federal Reserve chair Jerome Powell effectively setting the stage for a challenging environment in the equities sector, investors ought to consider the most relevant blue-chip stock picks to beat the September market slump.
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