Hurricane Milton: economic and investment risks
Hurricane Milton threatens the United States, potentially causing damage comparable to Katrina in 2005. Possible consequences are rising oil prices and market volatility.
Hurricane Milton can cause serious damage to the US economy, comparable to Hurricane Katrina, which cost the country $125 billion and caused oil prices to rise to $100 per barrel. Experts warn of possible consequences for oil production and infrastructure. Investment ideas: • Insurance companies may increase profits due to increased payments. • The oil and gas sector may benefit from higher oil prices. • Suppliers such as Home Depot, Lowe's and Generac can increase sales by meeting the demand for building materials and generators.
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