Are Oil Prices A Recession Indicator? | Quant & Colleagues | Fidelity Investments

Last quarter, conflict in the Middle East sent the price of oil to over $100 a barrel, drawing comparisons to the energy crisis of the 1970s. Denise Chisholm, director of quantitative market strategy at Fidelity, and her colleague, Shannon, discuss why today’s economy wasn’t hit as hard, and what we can learn for the next time oil prices rise. 00:00 Intro 00:17 The 1970s economy 00:29 Why today’s economy is different 00:49 How oil prices affect households 01:03 How oil prices affect corporations 01:14 When history doesn’t repeat itself Questions? Drop them below 👇and we’ll reply right in the comments. Read all our Portfolio Manager Insights here: https://www.fidelity.com/viewpoints/i... • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1263089.2.0 #OilPrices #RecessionIndicator #EconomicOutlook #MarketInsights