Prosperity Paradox: Navigating Commodity Markets in 2024
The world is still in the shadow of the Covid-19 pandemic, with inflation finally cooling and fiscal stimulus effects dwindling. As the Fed considers rate cuts, and geopolitical tensions impact commodities, there are unique opportunities available to investors.
Gasoline Prices Rise for 4th Straight Week
Gas prices are up for a fourth straight week for the first time since August. As of February 21st, the prices of regular and premium gas increased 8 cents and 7 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $77.04, up 0.2% from last week.
A Tale of Two Metals Will Determine the Future of Energy
The world’s biggest miner BHP Group Ltd. grew powerful by building dominant positions in producing the minerals of the future. That makes the challenges it’s facing with two key clean-tech ingredients a sobering lesson for the energy transition.
Staying Ahead of the Game With Direct Indexing in Financial Advisory
Looking back, I believe the financial advisors who were most willing to adapt to changing times were generally more able to set themselves apart from the crowd and experienced a higher rate of success.
Why Managed Futures Are Well Positioned in 2024
This year continues to follow in the footsteps of 2023, marked by increased investor optimism but ongoing uncertainty. For now, much remains unknown, and a higher January inflation print only proves the challenges that still lie ahead.
World Markets Watchlist: February 20, 2024
Five of the eight indexes on our world watch list have posted gains through February 20, 2024. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 14.64%. The U.S.'s S&P 500 finished in second with a YTD gain of 4.91% while France's CAC 40 finished in third with a YTD gain of 3.51%.
Emerging Economies Drive Growth in Global Shipping and Trade
Approximately 80% of all S&P 500 companies have reported fourth-quarter earnings as of today, and of those, 75% have reported earnings per share (EPS) above estimates. That’s well above the 10-year average, according to FactSet.
Beyond 2024: Examining Multi-Year Guidance for Midstream
Many midstream companies provide guidance for the year ahead, but a select group also offer EBITDA growth guidance or targets for the next few years. Visibility to future EBITDA growth provides important context for dividend growth.
The Big Four Recession Indicators: Real Retail Sales Down 1.1% in January
Month-over-month nominal retail sales in January were down 0.8% and up 0.65% year-over-year. However, after adjusting for inflation, real retail sales were down 1.1% MoM and down 2.38% year-over-year.