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$120 a barrel oil by summer - doh!

$120 a barrel oil by summer - doh!

Good morning!


Before we get into today’s markets, a bit of housekeeping: we’ll be taking the rest of the week off, so the next 5 with Fitz you’ll see is going to be next Monday.

And with that, here’s my playbook:

1 – Oil could hit $120 a barrel


Yes, you read that right.

Yesterday, President Biden organized the release of 50 million barrels of oil from the Strategic Petroleum Reserve with the hope that doing so will help tame out of control oil prices.

It’s not gonna move the needle.

The US consumes roughly 20 million barrels a day which means the release is just a whopping 2.5 days’ worth of supply.

I think oil could hit $120 a barrel next summer for reasons I laid out during a conversation with Maria Bartiromo earlier this morning on the Fox Business Network. (Watch)



There is a silver lining … or more precisely, one made of liquid gold.

Big oil companies, including the one I recommend which has the world’s best reserves, breakthrough energy investments AND a super-high, super-secure dividend. Get the stock now

2 – Dollar tree is now Dollar and a Quarter Tree


The Dollar Tree discount chain announced yesterday that it’s raising prices to $1.25. Management claims the move doesn’t have anything to do with “short-term or transitory market conditions” but the timing of this announcement probably says otherwise. (Read)

3 – Oh wait … Hollywood DID script this




NASA launched the DART (Double Asteroid Redirection Test) on a SpaceX Falcon 9 rocket Wednesday with the intention of proving that a rocket can be used to deflect large objects likely to hit earth. (Read)

No word on whether Bruce Willis and his roughnecks are up next! (Watch trailer)

As a side note, I’m going to be showcasing another aerospace company I’m incredibly excited about in the December issue of One Bar Ahead™, which is releasing next week. I hope you're looking forward to it!

4 – Why Apple is obsessed with 19


Here’s an interesting video from the WSJ on why Apple is obsessed with the number “19” and how that focus contributes to nearly $8 billion in accessory sales. (Watch now)

Me thinks I will be doubling my Apple position by year end.

5 – Turkey isn’t the only country with a currency crisis


Dr. Mark Mobius is as sharp as they come; I’m very fortunate to have learned a thing or two from him over the years not the least of which is to pay very close attention when he latches on to something.

Like a brewing currency crisis that could easily spread to other countries. (Read)

Bottom Line


If you’re worried about the market’s performance, chances are good that it’s not the markets that are challenged.

Totally fixable!

1 – Buy the best companies you can get your hands on
2 – Leave your money alone as long as possible
3 – Use risk management at all times to constantly harvest profits

Happy Thanksgiving!
Keith