August ppi unchanged and oil down more than a dollar has goldman says its bear case for crude is 20 a barrel. Futures in the red as we look ahead to the fed next week. And the new oil order, goldman gets bearish on crude prices. And kroger out with results of beat. The stock is moving higher in the premarket. First up, Oil Prices Falling after goldman put out a note saying the Global Supply glut could push the price down to 20 a barrel. Cheaper gas offsets the price of your food. Futures are getting lower as we wrap up a volatile market week. And david tepper said hes not as bullish as he could be on stocks. Im more bullish. Its valuation. Today the stock market on, call it, next year estimates is 15 times earnings. The earnings yield in the stock market is something approaching 7 . This isnt a 2 slightly more than a 2 tenyear environment. Thats about the widest spread. You can earn a much higher and the expectation over time should be that the equity yields will increase as Companies
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