SALT LAKE CITY-Continued unpredictability in U.S. financial markets had been highlighted early this week as crude oil futures plummeted precipitously.
Despite this instability, Gary Gygi of Cedar Hills, Utah-based Gygi Capital Management says there are signs pointing to a “possible economic breakthrough in the “not-so-distant future.”
Gygi believes in a robust resurgence to the economy because a “number of us,” [he and his associates] noticed the stock market was at an all-time high as the pandemic commenced.
Gygi said that predicated upon the fundamentals of bolstering the economy’s strength, these principles should reassert themselves as the country begins the process of reopening.
States, such as Georgia, are ready to open as soon as Friday, per reports.
In regard to the plummet in crude oil prices, future prognostications for July and August suggest the prices will soar to above $20 a barrel.
Furthermore, they should be just below $30 at the end of 2020, per cmegroup.com.
Gygi believes these increasing prices confirm an expectation that oil prices should move a little higher in the summer months and perhaps into the autumn and winter.
Gygi said that unless something unexpectedly occurs, the chances for economic recovery look relatively promising.







