Bellevue Perspectives


Monday Minute

Pipe
  • A new Census Bureau report shows US median household income reached an all-time high in 2017.  This marks the third consecutive annual increase.  The share of total income going to households at the top 5% and top 20% has also stayed relatively flat since 1993, showing income inequality is not growing and in fact has been remarkably stable.  Low-income households fell to a near record low of 29.5% in 2017 and the percentage of people without health coverage was not statistically different than 2016.  There are still many that are not feeling the recovery, but the long-term trend of higher income and more comfortable living standard continues.  https://www.census.gov/newsroom/press-releases/2018/income-poverty.html
  • Brent Crude oil prices move past $80 a barrel, which marks the highest since 2014.  Supply issues due to Iran sanctions and collapsing output from Venezuela, along with continued high demand may push the price even higher as we move into Q4.  This should be good for MLPs and Large Cap Value managers that have a high exposure to the integrated oil stocks.  https://www.cnbc.com/2018/09/24/brent-crude-breaks-80-its-highest-since-2014-as-oil-market-tightens.html

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All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and Hightower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of Hightower Advisors, LLC, or any of its affiliates.