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Sell oil and hold broad-based stocks for 100 years, Larry Kudlow advises
Larry Kudlow has advised investors to sell oil and buy stocks, specifically recommending broad-based index funds as a long-term investment for up to 100 years.
He expressed confidence that the U.S. will take control of the Hormuz Strait, which he believes will help stabilize global oil markets soon. Kudlow criticized bearish investors, arguing that their concerns will be proven wrong as oil volatility settles.
Kudlow has previously predicted that oil price declines could trigger a rapid market rebound, citing the potential impact of Middle East conflict in a recent expert view. He has also called for Kevin Warsh to quickly lead the Federal Reserve and shift away from growth-inflation models, according to a separate commentary. Kudlow’s latest recommendations follow a series of market-focused statements.
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